RBI Policy quote By Dr. Manoranjan Sharma, Infomerics Ratings
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Below quote on RBI Policy of Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings.
As repeatedly stressed by us both in the print and electronic media, e.g., on October 10, October 11, December 5, December 6 and 7, 2023, the RBI kept the benchmark Policy rates unchanged and also retained the stance of the Policy as “the withdrawal of accommodation” on the basis of a comprehensive assessment of the global and domestic environment.
This Policy is entirely in conformity with our pre-policy expectations.
In view of the evolving growth-inflation trade-off, the MPC took the right call in holding the rates steady.
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