RBI likely to leave policy rates unchanged till April: Report
Zee News
The key repo rate has been at 4 per cent since May 2020, an all-time low, even though bond yields have been heading north for many months now.
New Delhi: Striking a different note from its peers, US brokerage Bank of America Securities has maintained that the Reserve Bank will leave rates unchanged next week, recognising growth-focused and capex-driven fiscal expansion, which though poses huge price pressure and interest rate risks later.
The RBI's rate setting panel Monetary Policy Committee (MPC) will begin its deliberations next Monday and announce the policy moves on Wednesday (February 9) in the backdrop of a massive spike in bond yields post the Budget. Almost all major central banks are in the process of hiking rates to tame inflation.
The key repo rate has been at 4 per cent since May 2020, an all-time low, even though bond yields have been heading north for many months now.
