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Is MPC doing enough to tame inflation? Consumers split
December 03, 2024
|Mint Mumbai
Nearly half the respondents said the biggest impact of rising interest rates has been on home loans
For the past 30 months, the Reserve Bank of India's monetary policy committee (MPC) has been fighting hard to bring inflation within its medium-term target of 4%. After raising the repo rate by 250 basis points to 6.5% between May 2022 and February 2023, the MPC has kept it unchanged in the last 10 reviews.
While top ministers have pressed for lower interest rates, the central bank governor has pointed to the risks of cutting rates early. Meanwhile, do regular consumers think the RBI is doing enough? In its first readers' survey, Mint found that Indians are divided over the MPC's handling of inflation.
هذه القصة من طبعة December 03, 2024 من Mint Mumbai.
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