The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) on Thursday kept policy rates unchanged for the second consecutive time, citing sluggish global growth and uncertain inflation trajectory, given the risks associated with a weaker-than-expected monsoon.
The decision to keep the repo rate unchanged at 6.5% was unanimous. However, only five MPC members voted to keep the policy stance unchanged at the withdrawal of accommodation, with member J.R. Verma dissenting. The majority of the members believe that a status quo on policy stance will ensure that inflation progressively aligns with the 4% inflation target while supporting growth.
“With the policy repo rate at 6.5% and full-year projected inflation for 2023-24 at just a little above 5%, the real policy rate continues to be positive,” RBI governor Shaktikanta Das said in a statement.
Bu hikaye Mint Mumbai dergisinin June 09, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin June 09, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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