RBI May Signal Covid-Era Stimulus Pullback: What To Expect
NDTV
All 30 economists surveyed by Bloomberg as of Wednesday expect the six-member Monetary Policy Committee to leave the repurchase rate at four per cent on Friday.
Reserve Bank of India is poised to leave its key interest rate unchanged for an eight straight meeting to support economic growth, while likely signaling readiness to unwind some pandemic-era stimulus to tackle inflation concerns.
All 30 economists surveyed by Bloomberg as of Wednesday expect the six-member Monetary Policy Committee to leave the repurchase rate at four per cent on Friday. The big takeaway from the Reserve Bank of India, however, is likely to be any move to balance the huge liquidity overhang in the banking system, including possibly trimming a government bond-buying program.
Governor Shaktikanta Das is scheduled to announce the MPC's decision through a webcast at 10 a.m. in Mumbai on Friday. Here's what else to watch for in his speech:
