RBI MPC: Rate cuts off the table as inflation concerns mount
· rediff.com
The Reserve Bank of India's Monetary Policy Committee (MPC) has indicated that rate cuts are improbable in the near term, with headline inflation projected to reach 6 per cent in the third quarter. Minutes from the October meeting reveal growing concerns among members about inflation spreading beyond food and fuel, leading to a shift in policy stance towards calibrated tightening.
he Reserve Bank of India's Monetary Policy Committee has decisively signalled that interest rate cuts are off the table for the foreseeable future, as mounting ...