Monetary Policy Committee
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India's economic growth appears to be very fragile, says RBI's MPC member

The Reserve Bank of India (RBI) has projected India's economic growth at 6.4 per cent for 2023- 24.

published on : 26th February 2023
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Don’t forget growth in race to curb inflation

Central banks around the globe have an unenviable job of regulating the unusually flaring inflation amid fears of a recession.

published on : 25th February 2023
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Moderate rate hike gives leeway to make data-driven changes in monetary policy: RBI Governor

The RBI governor stopped short of making any forward-looking statement on the policy stance.

published on : 8th February 2023
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RBI's Monetary Policy Committee meeting starts amid expectations of lower rate hike

In the current rate cycle, it said that rate actions, both hikes and cuts, have been largely synchronised with actions of the monetary authorities in the developed nations.

published on : 6th February 2023
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RBI hikes benchmark lending rate by 35 basis points to 6.25 per cent

This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September.

published on : 7th December 2022
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Experts say Monetary Policy Committee may hike repo rate by 35 bps

The RBI has increased the Repo rate four times since May this year by 190 basis points.

published on : 5th December 2022
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RBI panel meets to draft report for missing inflation target; no rate action

The RBI Act requires the central bank's MPC to report to the government reasons for failure to meet the retail inflation target and measures to bring it at 4 per cent with a margin of 2 per cent on ei

published on : 3rd November 2022
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Missed inflation target, but acting early would have exerted heavy costs: RBI Das

Amid the charged-up debate on rupee depreciation, Das asked everybody not to look at the situation in an emotional manner, asserting that the domestic currency has behaved in an orderly way.

published on : 2nd November 2022
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Need to get inflation target rates right

The RBI’s inflation mandate was deemed a gentlemen’s agreement and never meant to be broken.

published on : 31st October 2022
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High inflation rate mainly a consequence of exogenous price shocks: RBI MPC member

As per the mandate given to the RBI by the Union government, the central bank is required to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

published on : 28th October 2022
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Rate hike buzz as RBI calls unscheduled MPC meeting

Coming close on the heels of the US Federal Reserve’s policy review, market watchers believe the MPC too may raise rates, though the chances appear slim.

published on : 28th October 2022
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RBI to hold special MPC meet on November 3 on preparing inflation report 

The inflation has remained above the upper tolerance limit of 6 per cent for nine straight months or three quarters.

published on : 27th October 2022
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Demonetisation behind the buoyancy in tax collections, says RBI MPC member

The tax department on October 9 said that the gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year to Rs 8.98 lakh crore.

published on : 24th October 2022
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RBI panel favours rate hike to tame inflation

The RBI on 30 September 2022 announced 50 bps hike in repo rate, the short-term rate at which RBI lends to banks.

published on : 15th October 2022
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'Eight years of systemic reforms increased India's macroeconomic stability': RBI MPC Member

Ashima Goyal further said appropriate countercyclical macroeconomic policy with continuing supply-side improvements has enabled a growth recovery that is among the best in the world.

published on : 25th August 2022
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'Freebies are never free; political parties must be required to inform voters about financial implications': RBI MPC member

Goyal further said a cost is imposed somewhere when governments provide freebies, but this is worth incurring for public goods and services that build capacity.

published on : 21st August 2022
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Inflation above RBI target worries MPC members

The minutes of the Monetary Policy Committee meeting show members of the committee remain cautious of the underlying inflationary pressure despite the recent moderation.

published on : 20th August 2022
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Banks cannot perennially rely on RBI money to support credit offtake: Shaktikanta Das

The RBI Governor said banks have already started to pass on the hike in repo rates to their depositors and the trend is expected to continue.

published on : 5th August 2022
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RBI to go for 35 basis points hike in rates at next week's monetary policy meeting: Report 

Last week, RBI Governor Shaktikanta Das said that headline inflation, which came at 7.04 per cent for April, is appearing to have peaked.

published on : 27th July 2022
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High inflation weighed on Monetary Policy Committee members as RBI raised rate: Minutes

The MPC comprises the RBI Governor, two central bank officials, and three independent members nominated by the government.

published on : 22nd June 2022
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