The central bank's monetary policy committee (MPC) opted to hold the repo rate at 6.5% following six consecutive hikes since May last year, citing the need to evaluate the effects of the past increases. Further, the MPC noted that "additional downside risks from financial stability concerns" on the global front were also behind its decision to keep rates unchanged. Addressing reporters, Das said April's decision was only a pause, not a pivot. The MPC will not hesitate to take further action as may be required in its future meetings, he said in a statement.
That has not deterred economists from expecting the pause in April to be a long one.
Diese Geschichte stammt aus der April 08, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der April 08, 2023-Ausgabe von Mint Mumbai.
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