Oct 22, 2021 09:21 PM IST
The central bank has been mandated by the government to ensure the Consumer Price Index (CPI) based inflation is at 4 per cent, with a band of 2 per cent on either side.
- Oct 12, 2021 05:37 PM IST
CPI inflation has been well within the Monetary Policy Committee's inflation targeting range of 4 (+/-2) percent since December 2020, except the months of May and June 2021, when it crossed the 6 percent mark.
- Oct 08, 2021 10:22 AM IST
RBI Monetary Policy: The RBI retained the repo rate, at which it lends short-term funds to banks, at 4 percent. The reverse repo rate stands at 3.35 percent.
- Oct 08, 2021 10:04 AM IST
RBI Monetary Policy: The MPC has kept rates steady at a time inflation is showing an easing trend and recovery is happening on the ground
- Oct 08, 2021 07:18 AM IST
The RBI’s MPC meet comes amid easing inflationary pressures and a liquidity flush in the system.
- Sep 13, 2021 05:40 PM IST
Consumer Food Price Inflation (CFPI) for August stood at 3.11 percent compared to 3.96 percent in July.
- Aug 12, 2021 05:47 PM IST
For the two months of May and June, CPI inflation was above the MPC's target band. It was 6.30 percent in May, as food prices had hardened, and transportation costs rose due to higher petrol and diesel prices and localised lockdowns. Headline retail inflation had cooled slightly to 6.26 percent in June.
- Jul 12, 2021 05:40 PM IST
June is the second consecutive month when headline retail inflation is above the Monetary Policy Committee's inflation targeting range of 4 (+/-2) percent.
- Jun 16, 2021 07:13 PM IST
Nomura’s economist expects the Indian economy to contract 4 percent in April-June compared with Jan-March and that inflation would remain a big risk that may require a hike in reverse-repo rates in the second half of the fiscal
- Jun 15, 2021 09:33 PM IST
At a time when the economy is reeling from the effects of a deadly wave of COVID-19, income levels have dropped and regional lockdowns have contributed to unemployment, a rise in inflation is the last thing the government wants to deal with.
- May 27, 2021 10:55 PM IST
The second wave of the pandemic has prompted revision of growth projections for the current fiscal and the consensus appears to be gravitating towards RBI's forecast of 10.5 per cent, the report added.
- May 25, 2021 08:33 PM IST
Four of the seven members of the monetary policy committee have been ousted since March 20 when Erdogan shocked financial markets by replacing Naci Agbal, a hawkish and market-friendly governor, with new chief Sahap Kavcioglu.
- Apr 07, 2021 10:16 AM IST
RBI Monetary Policy: Reserve Bank Governor Shaktikanta Das said that Consumer Price Index (CPI) inflation trajectory is likely to be subject to both upside and downside pressures.
- Apr 05, 2021 08:37 AM IST
There is uncertainty on growth, inflation fronts. The policymakers do not have a clear direction on where to go on interest rates at this point.
- Mar 31, 2021 06:05 PM IST
While the official gazette notification is still awaited, this means that the Monetary Policy Committee now has the mandate to take steps under monetary policy and inflation targeting frameworks to keep consumer price index-based inflation in the 2-6 per cent range from 2021-22 till 2025-26.
- Mar 16, 2021 02:05 PM IST
It is learnt that the RBI and the finance ministry are on the same page regarding keeping the targets unchanged. In fact, in late February, the RBI said in a report that it favours keeping the current inflation targeting regime unchanged, saying it has been effective in containing price-growth.
- Feb 12, 2021 06:12 PM IST
This was on the back of further cooling down of food prices. Consumer Food Price Inflation (CFPI) was 1.89 per cent in January, data by the National Statistical Office showed.
- Feb 05, 2021 10:17 AM IST
Further, growth is projected in the range of 26.2 percent to 8.3 percent in H1FY22 and 6 percent in Q3FY22.
- Feb 05, 2021 10:06 AM IST
The key lending rate of the RBI, or the repo rate, was left undisturbed at 4 percent while the reverse repo rate, or the key borrowing rate, was retained at 4 percent.
- Jan 13, 2021 07:21 PM IST
- Dec 22, 2020 12:59 PM IST
- Dec 04, 2020 11:45 AM IST
RBI Governor Shaktikanta Das said that RBI's role as debt manager and banker to the government was tested to the hilt in 2020.
- Dec 04, 2020 10:29 AM IST
Governor Das said that CPI inflation is expected to be 6.8% for Q3 adding that it is projected to decrease to 5.8% for Q4.
- Oct 23, 2020 04:25 PM IST
There is a strong signal in the MPC minutes that growth revival may take much longer than expected and MPC’s main focus will be growth revival, rather than inflation targeting
- Oct 06, 2020 02:10 PM IST
Moneycontrol takes a look at the work and fields of research of Ashima Goyal, Shashanka Bhide and Jayanth Verma