RBI Monetary Policy Live Blog
: The Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will reveal what awaits the country at 10 a.m. when it announces the outcome of its first deliberations for FY23. It is expected generally expects the MPC to keep the repo rate – the key rate at which it lends short-term funds to commercial banks – on hold and continue with an “accommodative” policy. The central bank could, on the contrary, modify its approach given retail price inflation reaching the threshold of its comfort zone. Shaktikanta Das’ comments on the ongoing Russian-Ukrainian war and the COVID-19 pandemic will be watched closely. The central bank’s GDP and inflation projections will also be on investors’ radar.
First post: STI