Rate hike season may have just got longer
Financial Express Mumbai|December 08, 2022
HAWKISH STANCE TO BREAK CORE INFLATION PERSISTENCE’
- SHASHANK DIDMISHE
Rate hike season may have just got longer

THE RESERVE BANK of India (RBI) on Wednesday surprised market participants by maintaining the policy stance of withdrawal of accommodation. Most were under the impression that the central bank will dilute its position. However, the RBI is expecting the headline inflation to remain sticky and elevated at least till the second half of the FY24.

The consumer inflation will remain above the ideal level of 4% for the next 12 months and the repo rate still remains accommodative adjusted for inflation, RBI governor Shaktikanta Das said in his statement following the monetary policy committee's decision to hike the repo rate by 35 bps. The RBI has estimated CPI inflation of 5% in Q1FY24 and 5.4% in Q2FY24.

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この蚘事は Financial Express Mumbai の December 08, 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、8,500 以䞊の雑誌や新聞にアクセスしおください。

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