MPC: 'Energy prices won't return to pre-war levels'
Synopsis The Reserve Bank of India's Monetary Policy Committee maintained the repo rate at 5.25% with a neutral stance. External member Saugata Bhattacharya highlighted escalating
Synopsis The Reserve Bank of India's Monetary Policy Committee maintained the repo rate at 5.25% with a neutral stance. External member Saugata Bhattacharya highlighted escalating inflationary risks from supply shocks, weather patterns, and energy prices. He also noted rising inflation expectations and potential global spillovers. Despite these concerns, he advocated for the status quo, citing tight domestic financial conditions and the need for a risk management approach amid prevailing uncertainties.
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