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RBI: Better to be cautious than concerned

Business Standard LogoBusiness Standard1w ago

RBI: Better to be cautious than concerned

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The MPC took a calibrated and measured view, staying with its message of “withdrawal of accommodation,” and reiterating its commitment to bring inflation within target while supporting growth.

Even after some easing of inflation risks, the Reserve Bank of India's monetary policy committee (MPC) voted unanimously to increase the repo rate by 50 bps, taking the key policy rate to 5.40 per cent.


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Article Details

Author / Journalist: Rahul Bajoria

Category: EconomyFinance

Topics: Business Support Journalism Standard Content Subscription Inflation Subscribe Policy Commitment Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-06, 00:08:00

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Reading Time: 2 minutes read

Article Length: 327 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 115569

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About Business Standard

Business Standard Logo

Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 249 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #49

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