MONETARY POLICY STANCE
US Fed hopeful of achieving 2 per cent inflation target soon The U.S. Federal Reserve noted a lack of significant progress towards its 2 percent inflation target in its latest meeting. Despite this, there have been modest improvements in recent months. This conclusion was shared in the Fed policy minutes rele...
04 Jul, 2024, 11.11 AM ISTHas the global economic environment turned favourable for equities? Global economy's resilience amidst crises led to surprising growth stability and inflation control. Potential trade war threats loom, while equity markets soar to record highs, indicating positive economic outlook.
28 Jun, 2024, 11.13 AM ISTIndia central bank policymakers divided over rate-growth debate Internal members maintain hawkish stance on inflation, with Governor Das cautioning against hasty actions for fear of worsening the situation
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US PMI data triggers sharp decline in gold prices Gold prices surged to a two-week high of $2,366 following a second rate cut by the Swiss National Bank and weaker US data. Traders anticipate a move by the US Federal Reserve, especially after the European Central Bank's rate cut.
22 Jun, 2024, 02.26 PM ISTReal repo rate too high and could hurt growth, said MPC dissenters The two external members of the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) who had pushed for a 25 basis point rate cut at the June 7 meeting, Ashima Goyal and JR Varma, said the real repo rate at 2% was too high and could hurt grow...
22 Jun, 2024, 10.53 AM ISTRBI MPC minutes: Panelists flag incoming impact of 'exceptionally' warm summers on food inflation The Reserve Bank of India's (RBI) Monetary Policy Committee members raised concerns about inflation pressures due to "exceptionally" warm summers, impacting perishable goods and crop output, as per their latest meeting minutes. RBI Governor Shaktika...
21 Jun, 2024, 06.05 PM ISTNo rate cut seen in August either, but enough signs of a shift in stance The minutes of the meeting will be available on June 21. Varma and Goyal have argued that high interest rates might be hindering potential growth. They have previously debated that a high real interest rate—the difference between the actual interest...
08 Jun, 2024, 09.37 AM ISTRBI holds rates amid food inflation fears The Reserve Bank of India (RBI) kept policy interest rates unchanged for the eighth consecutive meeting due to concerns about rising food prices. The central bank raised its economic growth forecast for FY25 to 7.2% from 7%, driven by state investme...
08 Jun, 2024, 09.35 AM ISTNo rate cut seen in August either, but enough signs of a shift in stance In the normal course of events, the rising dissent in the MPC should have led to more joining the camp of rate cut seekers as data turns benign. Inflation may not have come back to the 4% target, but it's not threatening to soar. For the US, it is a...
08 Jun, 2024, 01.01 AM ISTExpect repo rate cut only in October RBI policy meeting: SBI Research The report, authored by Soumya Kanti Ghosh, SBI's Group Chief Economic Adviser, expects first repo rate cut in October meeting. The repo rate is the rate of interest at which the RBI lends to other banks.
07 Jun, 2024, 09.22 PM ISTRBI MPC Highlights: Das & co keep rates unchanged, but dovish clamour grows The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) kept the repo rate steady at 6.50% for the eighth consecutive meeting. However, a new shift emerged with Ashima Goyal joining Jayanth Varma in voting for a rate cut. The committee con...
07 Jun, 2024, 02.07 PM ISTBuilders want reduction in repo rate in RBI's next monetary policy to boost housing sales Real estate developers urged the RBI to lower the repo rate in the upcoming monetary policy to reduce home loan interest rates and stimulate housing demand, as the RBI maintained the rate at 6.50%. Industry experts anticipate potential rate cuts in ...
07 Jun, 2024, 12.30 PM ISTRBI maintains interest rates amid growing calls for easier money policy The Reserve Bank of India (RBI) kept interest rates unchanged in its eighth consecutive meeting, with some members leaning towards easing monetary policy due to concerns about rising food prices. The central bank raised its FY25 growth forecast by 2...
07 Jun, 2024, 11.46 AM ISTRBI MPC Meeting 2024 at a glance: Here's a one-stop guide to all key decisions The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to maintain the current interest rate at 6.5%, following a 4:2 majority decision. The panel projected real GDP growth for FY25 to be 7.2%, up from 7%. The MPC is also maintainin...
07 Jun, 2024, 11.36 AM ISTRBI MPC: Governor Shaktikanta Das reveals how cricket and weather guide monetary policy RBI Governor Shaktikanta Das announced the central bank's decision to keep interest rates unchanged, highlighting that RBI adapts monetary policy to local conditions, using a cricket analogy. The GDP projection for FY25 was raised to 7.2%, with an i...
07 Jun, 2024, 11.33 AM ISTRBI MPC Meet 2024: RBI leaves inflation projection for FY25 unchanged at 4.5% RBI MPC Meet 2024 LIVE: The Reserve Bank of India maintained its inflation forecast at 4.5% for this fiscal year amid concerns over rising food prices. The central bank found some relief as crude prices dipped below $80 per barrel. The RBI's Monetar...
07 Jun, 2024, 10.47 AM ISTRBI MPC Meeting: Das & Co may look at food bills to keep its stance, rate unchanged RBI Policy Meeting: The Reserve Bank of India (RBI) is expected to maintain the repo rate at 6.5% with a focus on withdrawing accommodation, marking the eighth consecutive time it remains unchanged. Economists predict the unchanged stance, citing pe...
07 Jun, 2024, 08.07 AM ISTRBI rate-setting panel starts deliberations on monetary policy, decision on Friday The Reserve Bank of India's monetary policy committee (MPC) began a three-day meeting to determine the next monetary policy, with Governor Shaktikanta Das expected to announce the decisions on Friday. Analysts anticipate the continuation of the curr...
05 Jun, 2024, 05.26 PM ISTMPC Minutes: Food inflation risks elevated, conditions not in place for let-up in restrictive policy stance, says RBI Dy Guv Patra Members of the Reserve Bank of India's Monetary Policy Committee expressed confidence in the current policy stance but remained cautious about factors like food inflation and external contingencies. They emphasized the need to maintain downward pres...
19 Apr, 2024, 05.28 PM ISTRBI leaves repo rate unchanged; retains “withdrawal of accommodation” stance RBI maintains 6.50% repo rate after 3-day meeting, focusing on withdrawing accommodation. Supported by 5 of 6 MPC members. Minimal market impact on Sensex, Nifty 50.
05 Apr, 2024, 12.23 PM IST