The Reserve Bank of India's (RBI's) rate-setting panel may keep the key policy rate unchanged at 6.5% in its monetary policy review this week, a Mint poll of 10 economists showed.
The economists expect the monetary policy committee (MPC) to sound optimistic on growth and to reiterate its commitment to the central bank's 4% headline inflation target.
Most economists polled also expect the MPC to keep inflation and GDP growth forecasts unchanged at 5.4% and 7%, respectively, for FY24. They also expect RBI to announce its growth forecast for FY25.
The committee is scheduled to meet for three days beginning February 6 and announce its review on February 8. In a report released on February 2, Goldman Sachs's assessment of the MPC's position on the repo rate and headline inflation target was similar to the predictions of Mint's poll of economists.
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