India s consumer price inflation likely eased to a five-month low of 4.91% in March but was still above the Reserve Bank of India s 4% medium-term target as food price rises persist, according to.
RBI holds rates, stance; inflation back in focus : Rashtra News #RBI #holds #rates #stance #inflation #focus The Reserve Bank of India (RBI) kept its key interest rate and monetary stance unchanged but announced a clear intent to rein in surging prices, signalling a possible shift in policy at the next review meeting in June.
India is probably a positive outlier in the world hobbled with economic challenges, offering Mint Road the opportunity to further consolidate its war on inflation that has been restrained over the past few quarters from leaping. However, risks to price stability have not entirely receded into the background, said RBI Governor Shaktikanta Das, after the first policy review meeting in the new fiscal year.
The Reserve Bank of India (RBI) Friday maintained policy interest rates and its monetary stance for the seventh straight review meeting citing an uncertain food prices trajectory and the elbow room provided by robust economic growth, thus pushing back the start of a much-anticipated rate easing cycle while extending a status quo to at least 16 months.
DBS Bank s Radhika Rao discusses the RBI Monetary Policy with ET Now, emphasizing the central bank s focus on inflation risks, growth, investment strength, and positive consumption expectations amidst cautious policy adjustments for the future economic landscape. Rao says: I would think rate cut is a late 2024 story, I am talking about CY2024, rather than being in a rush to either pre-empt the global central banks or the other regional peers."