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MPC meet begins; strong growth rules out rate cut
The New Indian Express
|June 06, 2024
THE six-member rate-setting panel MPC began its three-day meeting here on Wednesday to review and decide on the course of the monetary policy, which is scheduled to be unveiled on Friday.
Neither market participants nor Mint Road watchers expect the panel to be doing something on the policy rate front but will see the central bank doing more to ensure liquidity as the economy enters the busy credit season. Some of them are even expecting the rate cut to be pushed further beyond October as well. The monetary policy committee has not changed its approach to inflation control since May 2022 when it began increasing the rates and has whacked it up 250 percentage points to 6.5%, the last hike effected in February 2023.
Esta historia es de la edición June 06, 2024 de The New Indian Express.
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