RBI Monetary Policy LIVE Updates: The MPC said, "The available data point to exogenous and largely temporary supply shocks driving the inflation process, validating the MPC’s decision to look through it. The supply-side drivers could be transitory while demand-pull pressures remain inert, given the slack in the economy. A pre-emptive monetary policy response at this stage may kill the nascent and hesitant recovery that is trying to secure a foothold in extremely difficult conditions."
RBI Monetary Policy LIVE Updates: CPI inflation is now projected at 5.7 percent during 2021-22, higher than the previous forecast of 5.1 percent. CPI inflation is pegged at 5.9 per cent in Q2; 5.3 per cent in Q3; and 5.8 per cent in Q4 of 2021-22, with risks broadly balanced, the MPC said. CPI inflation for Q1:2022-23 is projected at 5.1 percent
RBI Pegs CPI Inflation At 5.7% For FY 2022
The inflation is expected to be at 5.9 percent in Q2 of FY22, 5.3 percent in Q3 of FY22 and 5.8 percent in Q4 FY22.
RBI Monetary Policy LIVE Updates: On-tap TLTRO scheme extended by 3 months; till December 31, 2021.
RBI Monetary Policy LIVE Updates: The Reserve Bank of India (RBI)’s MPC kept the repo rate -- the key lending rate at which banks lend short-term rates to banks -- unchanged at 4 percent. The monetary policy stance has been retained at 'accommodative'. An accommodative stance means a rate hike is unlikely.
The MPC said it will continue with the accommodative stance as long as necessary to support a struggling economy hit by the COVID-19 pandemic. The announcement came in line with what most economists predicted in the backdrop of a persistently high retail inflation and uncertainty surrounding the growth.
RBI Monetary Policy LIVE Updates: RBI to hold GSAP auctions on August 12 and August 26. G-SAP has been successful in anchoring yield expectation, Das said.
RBI Monetary Policy LIVE Updates: CPI inflation is projected at 5.7 percent during FY22.
RBI Monetary Policy LIVE Updates: The projection for India’s real Gross Domestic Product (GDP) is maintained at 9.5 percent for FY22.
RBI Monetary Policy LIVE Updates: Economic activity has evolved broadly along expected lines. CPI inflation surprised on the upside in May; price momentum however moderated. High frequency food price indicators show some moderation in prices of edible oils and pulses in July. Outlook for aggregate demand is improving but underlying conditions are still weak. More needs to be done to restore supply-demand balance in no. of sectors: Shaktikanta Das
RBI Monetary Policy LIVE Updates: Reverse repo rate remains at 3.35%, Marginal Standing Facility Rate and Bank Rate at 4.25%. RBI Governor Shaktikanta Das said the policy stance continues to be "accomodative".
JUST IN: RBI maintains status quo; keeps repo rate unchanged at 4%
RBI Monetary Policy LIVE Updates: MPC keeps repo rate unchanged at 4% - Moneycontrol.com
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