MUMBAI : The Reserve Bank of India unexpectedly held its benchmark interest rate steady on Thursday following six consecutive hikes since May last year. However, governor Shaktikanta Das stressed that the pause does not mean a pivot and further rate hikes may follow.
While all six monetary policy committee (MPC) members voted to keep the repo rate unchanged at 6.5%, all but Jayanth R. Varma decided to keep the policy stance as ‘withdrawal of accommodation".
The MPC’s decision on Thursday surprised economists and investors, who were expecting a 25-basis points rate hike. Only two of 15 economists surveyed by Mint said they expect RBI to pause. Indian bonds rallied, with the yield on benchmark 10-year note falling seven basis points to 7.20%, and the local currency gained.
هذه القصة مأخوذة من طبعة April 07, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 07, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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