RBI likely to keep key rates unchanged todayReuters
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The Governor said, “the MPC unanimously decided to keep rates unchanged in this meeting with readiness to act if the situation so warrants. The MPC will not hesitate to act as needed in future meetings”. While keeping the interest rate intact, the Governor stressed that core inflation remains...
Today, the Reserve Bank released the June 2023 issue of its monthly Bulletin. The Bulletin includes Monetary Policy Statement June 8, 2023, seven speeches, five articles and current statistics. The five articles are: I. State of the Economy; II. Weather Events and their Impact on Growth and...
Policy Interventions: From a policy making perspective, he observed that ‘complex, adaptive systems’ like AI are non-predictable and different countries have varied outlooks when it comes to regulating AI. “At least for the time being, the US is going for a ‘laissez-faire’ [hands off]...
The Central Bank found that there were material supervisory concerns in the Pricing Policy of these companies in terms of their Weighted Average Lending Rate (WALR). Further, the Interest Spread charged over their cost of funds was excessive and did not adhere to the regulations in themicrofinanc...
Monetary policy is an economic policy which stabilizes the money supply and price levels of an economy. It is common for all kind of economic systems... See full answer below.Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our ...
Government to boost the economy. The policy will be conducive to achieve the medium term target for consumer price index (CPI) inflation of 4% within a band of +/2 per cent alongside growth. The decision of holding the rates same twice in a row is taken to control the surge in ...
What is the impact of RBI rates on inflation/deflation? Reserve Bank of India (RBI): The Reserve Bank of India (RBI) is the central bank of India which oversees the monetary policy of the country. The objective of the monetary policy is to control the inflation by making changes to the...