MPC minutes: Rate cut appropriate monetary policy response, opined RBI Guv

Q: How long will it take to read this news story?

The story "MPC minutes: Rate cut appropriate monetary policy response, opined RBI Guv" has 734 words across 23 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "MPC minutes: Rate cut appropriate monetary policy response, opined RBI Guv" was covered 20 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 228 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26317826</li><li>URL: https://beamstart.com/news/mpc-minutes-rate-cut-appropriate-17401417311328</li></ul>

Business Standard Logo Business Standard 20h ago

MPC minutes: Rate cut appropriate monetary policy response, opined RBI Guv - Business Standard

Quick Summary:

Reserve Bank Governor Sanjay Malhotra opined that rate reduction was an appropriate monetary policy response at this juncture citing movement of inflation towards the central bank's 4 per cent target, said the MPC meeting minutes released on Friday.

"Given the macroeconomic outlook when inflation is expected to align with the target, and recognising that monetary policy is forward-looking, I view a lower policy rate to be more appropriate at the current juncture," Malhotra said, according to the minutes.

Malhotra, along with five other members of the Monetary Policy Committee (MPC) had voted for a 25 basis points reduction in the short-term lending rate (repo) to 6.25 per cent.