2026-08-05 12:34:42 pm | Source: ICRA
Quote on Post MPC by Aditi Nayar, Chief Economist, ICRA
Below the Quote on Post MPC by Aditi Nayar, Chief Economist, ICRA
A status quo on the policy rate and stance by the MPC in the August 2026 meeting was a foregone conclusion, given the limited evidence of generalisation of inflationary pressures so far. Amidst considerable volatility engendered by geopolitics and the monsoon, the Committee’s growth and inflation forecast were tweaked marginally, and we believe that these are appropriate for an average crude oil price of $80-85/barrel and a moderate rainfall deficit. Importantly, the tone of the policy statement was relatively neutral, and does not suggest that rate tightening is imminent.
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