In its 50th review of the monetary policy, the Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC) on Thursday decided to keep the repo rate unchanged at 6.5 per cent.
It maintained the 'withdrawal of accommodation' policy stance for a ninth straight time, citing food inflation risks, and red-flagged 'certain' lenders not adhering to top-up loan norms and credit card spend growth staying high despite an increase in risk weightings.
External MPC members Jayanth Varma and Ashima Goyal continued to vote for a 25-basis-point cut in the repo rate and a change in stance to neutral.
"Headline inflation, after remaining steady at 4.8 per cent during April and May 2024, increased to 5.1 per cent in June, primarily driven by the food component, which remains stubborn," RBI Governor Shaktikanta Das said while explaining the policy decision. He emphasised it was important for the monetary policy to stay the course while maintaining a close vigil on the inflation trajectory and the risks thereof.
この記事は Business Standard の August 09, 2024 版に掲載されています。
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この記事は Business Standard の August 09, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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