The MPC also decided to continue with the helpful stance as long as it is necessary to Fix growth
In December, the RBI monetary policy committee surprised the markets by leaving rates unchanged when economists had predicted a cut.
Much has changed since and this time just hope that the MPC will hold tight while leaving its unchanged.
This is due to a sharp rise in retail inflation in the past 2 readings. anther reason is why the MPC will hold rates is that transmission is still a sorry story. Finally, the spreading of Coronavirus outbreak is adding another element of uncertainty. Thus there is every reason to believe that the MPC will choose to retain its accommodative stance.
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In December, the RBI monetary policy committee surprised the markets by leaving rates unchanged when economists had predicted a cut.
Much has changed since and this time just hope that the MPC will hold tight while leaving its unchanged.
This is due to a sharp rise in retail inflation in the past 2 readings. anther reason is why the MPC will hold rates is that transmission is still a sorry story. Finally, the spreading of Coronavirus outbreak is adding another element of uncertainty. Thus there is every reason to believe that the MPC will choose to retain its accommodative stance.
