Extent of Rate Hike Cycle to Depend on Growth-Inflation Outlook: RBI Governor
Governor Sanjay Malhotra said rate cuts are off the table as the central bank weighs more hikes against growth risks.
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India rate panel flags more hikes but wary of aggressive cycle, minutes show
MUMBAI, Oct 21 (Reuters) - Members of India's rate-setting panel indicated that further rate hikes may be needed to curb inflation but stopped short of endorsing an aggressive tightening cycle over risks to economic growth, minutes of the committee's m...
Rate cuts off the table for now, further hikes depend on inflation outlook: RBI Governor Sanjay Malhotra
Reserve Bank of India (RBI) Governor Sanjay Malhotra has indicated that interest rate cuts are off the table in the near term, with future monetary policy decisions limited to either raising rates further or keeping them unchanged, depending on inflation and economic growth conditions.
Extent of rate hike cycle to depend on growth-inflation outlook: RBI Governor
Reserve Bank of India (RBI) Governor Sanjay Malhotra said the duration and extent of the rate hike cycle will be contingent on the actual growth-inflation developments and outlook. The governor and other five Monetary Policy Committee (MPC) members voted to raise the repo rate by 25 bps to 5.5 per cent. The rate was hiked after a gap of nearly four years. He noted that there are increasing signs of generalisation of inflation.
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