RBI Monetary Policy Review - Balancing Act To Control Inflation, Currency Fall: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.The Reserve Bank of India increased its repo rate by 50 basis points to 5.4% with immediate effect. Accordingly, the standing deposit facility and marginal standing facility rate were adjusted to 5.15% and 5.65%, respectively. All members of the Monetary Policy Committee have unanimously voted to increase the repo rate. They also voted unanimously to remain focused on withdrawal of accommodation to ensure that inflation remains within the target while supporting growth. This offers some indication on rate hikes continuing. According to RBI, headline inflation has recently flattened and the supply outlook is improving, helped by some easing of global supply constraints. The MPC noted that inflation is projected to remain above the upper tolerance level of 6% through the first three quarters of FY23, entailing the risk of destabilising inflation expectations and triggering second round effects. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RBI Monetary Policy Review - Balancing Act To Control Inflation, Currency Fall: ICICI Direct

RBI Monetary Policy Review - Balancing Act To Control Inflation, Currency Fall: ICICI Direct

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