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RBI-MPC may not change interest rate: Experts The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) may not change the interest rates and would continue with the 'pause' mode at their upcoming meeting, said experts. The MPC met on April 3, 5 and 6 this year and decided to pause on the repo rate at 6.50 per cent after hiking continuously earlier as an inflation control measure. "The upcoming MPC meeting in early June is expected to focus on two important aspects that have emerged in the last few weeks --...
RBI-MPC may not change interest rate: Experts
RBI-MPC may not change interest rate: Experts
Source: IANS
2/06/2023 12:27:18 PM
Inflation expected to come down over the year: Reserve Bank of India`s MPC member The Reserve Bank of India's (RBI's) -- Monetary Policy Committee (MPC) member Ashima Goyal has said inflation is expected to come down over the year. She asserted ‘Government supply-side action coordinated with a flexible inflation targeting regime has kept Indian inflation rates lower than other countries and our own past averages even in this period of major adverse external supply shocks’. She said that India has successfully dealt with 'pluri-shocks' over th...
Inflation expected to come down over the year: Reserve Bank of India`s MPC member
Inflation expected to come down over the year: Reserve Bank of India`s MPC member
Source: Accord Fintech
13/03/2023 9:52:16 AM
Need to pause rate hikes as risks to India's growth significant - rate panel's Varma Risks to India's growth are higher than the risk of further inflation as major drivers of price increases are dissipating, justifying a pause in further rate hikes, Jayant Varma, an external member of the country's monetary policy panel said on Thursday. The Reserve Bank of India has raised rates by a total of 250 basis points since May last year as it tackles stubbornly high prices. Those rate hikes would work their way through the economy and choke demand, Varma, who alon...
Need to pause rate hikes as risks to India's growth significant - rate panel's Varma
Need to pause rate hikes as risks to India's growth significant - rate panel's Varma
Source: Reuters
23/02/2023 3:38:40 PM
Real interest rate of about 1% appropriate for Indian economy - rate panel's Goyal The Reserve Bank of India need not keep raising rates until prices fall as it risks overshooting the inflation-adjusted real rate, which at around 1% now is appropriate for the economy, an external member of the country's monetary policy committee said. The 250 basis points of rate hikes since May 2022 need to be allowed to work through the system, Ashima Goyal, who voted for a pause in the benchmark repo rate on fears the central bank may overshoot in hiking the cost of borrowing, tol...
Real interest rate of about 1% appropriate for Indian economy - rate panel's Goyal
Real interest rate of about 1% appropriate for Indian economy - rate panel's Goyal
Source: Reuters
23/02/2023 2:12:03 PM
Government should not go in for `aggressive fiscal consolidation` as global risks have not abated: Ashima Goyal RBI Monetary Policy Committee (MPC) Member Ashima Goyal said the government should not go in for an 'aggressive fiscal consolidation' in the upcoming budget as global risks have not abated. She further said subsidies are expected to come down as food and energy inflation moderates. WPI inflation in food articles in November was 1.07 per cent against 8.33 per cent in the previous month. In the 'fuel and power' basket, inflation was 17.35 per cent last month. She said ‘...
Government should not go in for `aggressive fiscal consolidation` as global risks have not abated: Ashima Goyal
Government should not go in for `aggressive fiscal consolidation` as global risks have not abated: Ashima Goyal
Source: Accord Fintech
29/12/2022 10:38:46 AM
Continued divergence at RBI on battle against inflation There is continuing divergence within the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on the way the battle against the inflation is to be fought. In a 5:1 decision, the MPC decided to increase the repo rate by 35 basis points (bps) on Wednesday with RBI Governor Shaktikanta Das saying the battle against inflation was continuing. The repo rate, also called the policy rate, is the interest at which the RBI lends money to the commercial banks. While five members...
Continued divergence at RBI on battle against inflation
Continued divergence at RBI on battle against inflation
Source: IANS
7/12/2022 1:34:57 PM
Takeaways from RBI`s MPC meeting can be more than repo rate hike Apart from the decision on the repo rate hike by the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) at its upcoming meeting, one can also expect few more things post the discussions. Economic experts expect the MPC to hike the repo rate by 25-35 basis points (bps) with industry lobby body ASSOCHAM also urging the central bank to do the same. Further it will also be interesting to see whether there will be unanimity amongst the members of the MPC on the decisions taken...
Takeaways from RBI`s MPC meeting can be more than repo rate hike
Takeaways from RBI`s MPC meeting can be more than repo rate hike
Source: IANS
5/12/2022 9:57:29 AM
Will the views of RBI MPC members converge or diverge at Nov 3 meeting? Will there be unanimity amongst the members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on the decisions to be taken at their November 3 meeting is the question that pops up. The reason being that at the MPC meeting held in September, one member voted against the resolution hiking the repo rate by 50 basis points to 5.90 per cent. And in the August meeting too there were differences of views on the resolution that was passed. "Even at the upcoming me...
Will the views of RBI MPC members converge or diverge at Nov 3 meeting?
Will the views of RBI MPC members converge or diverge at Nov 3 meeting?
Source: IANS
29/10/2022 3:18:58 PM
Inflation likely to fall below 6% next year amid RBI`es rate hike efforts: Ashima Goyal Highlighting the Reserve Bank of India’s (RBI’s) efforts to contain price rise by repeatedly increasing interest rates, RBI Monetary Policy Committee (MPC) member Ashima Goyal has said that this will help in containing inflation, which is likely to fall below 6 per cent next year. She further said that the policy rate hikes have largely reversed pandemic-time cuts but the real rate remains low enough not to hurt the growth recovery. She added that with a lag of two-three quarters,...
Inflation likely to fall below 6% next year amid RBI`es rate hike efforts: Ashima Goyal
Inflation likely to fall below 6% next year amid RBI`es rate hike efforts: Ashima Goyal
Source: Accord Fintech
20/10/2022 9:45:49 AM
Benchmark yield falls most in 2 weeks on dovish policy minutes  India's benchmark bond yield posted its biggest single session drop in two weeks on Monday, after minutes of the latest monetary policy meeting were seen as dovish, calming fears of aggressive rate hikes. The benchmark Indian government bond yield ended at 7.4075%, after closing at 7.4696% on Friday. It posted biggest single session fall since Oct. 4. "There was a dovish turn from some members of the MPC (Monetary Policy Committee), which led to a rally today, and fall in...
Benchmark yield falls most in 2 weeks on dovish policy minutes
Benchmark yield falls most in 2 weeks on dovish policy minutes
Source: Reuters
17/10/2022 4:43:00 PM
India cenbank policymakers divided on future path of rates, meeting minutes show The Reserve Bank of India's monetary policy committee may lean more on data in deciding the key interest rate going ahead even as policymakers appeared divided on the future path of rate hikes, minutes of its September meeting suggested on Friday. The MPC raised its benchmark repo rate by 50 basis points late last month, the fourth straight increase to tame stubbornly high inflation. "Going forward, monetary policy needs to remain watchful and nimble, based on incoming data and...
India cenbank policymakers divided on future path of rates, meeting minutes show
India cenbank policymakers divided on future path of rates, meeting minutes show
Source: Reuters
15/10/2022 9:14:23 AM
Pace of rate hikes in India should be calibrated from here on: MPC member Ashima Goyal -The pace of interest rate increases should be calibrated from here on to ensure economic recovery in India does not stall as the central bank tries to bring inflation within its tolerance band, monetary policy committee member Ashima Goyal said. "We need to be very careful that growth is not snuffed out and we don't go into another decade of slowdown," Goyal, an external member of the six-member monetary policy committee headed by the Reserve Bank of India governor, told Reu...
Pace of rate hikes in India should be calibrated from here on: MPC member Ashima Goyal
Pace of rate hikes in India should be calibrated from here on: MPC member Ashima Goyal
Source: Reuters
14/09/2022 9:12:46 AM
India central bank official: infrastructure spending can curb supply-side inflation An Indian central bank official said on Thursday that a focus on spending on infrastructure would help the country contain long-term, supply-side inflation. Sitikantha Pattanaik, an executive director at the Reserve Bank of India, was speaking at an event in New Delhi. Ashima Goyal, a member of India's Monetary Policy Committee, told the event that uneven rainfall in some regions could impact crop output and may not augur well for inflation.
India central bank official: infrastructure spending can curb supply-side inflation
India central bank official: infrastructure spending can curb supply-side inflation
Source: Reuters
8/09/2022 2:50:19 PM
Indian economy to do well once vaccination reaches critical mass: Ashima Goyal The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) member Ashima Goyal is expecting India's economy to do well once vaccination reaches a critical mass as pent up demand, global recovery and easy financial conditions will boost activities. As India battles a fearsome second COVID wave, she also said that the damage to the economy due to lockdowns is much less and is unlikely to extend beyond the first quarter of the current fiscal. She further noted that India has ...
Indian economy to do well once vaccination reaches critical mass: Ashima Goyal
Indian economy to do well once vaccination reaches critical mass: Ashima Goyal
Source: Accord Fintech
18/05/2021 2:05:33 PM