The outcome of the monetary policy review meeting of the Reserve Bank of India will be announced tomorrow. In such a situation, everyone’s eyes are whether the RBI will increase the interest rates this time or not.
RBI Monetary Policy: Tomorrow the outcome of the monetary policy review meeting of the Reserve Bank of India will be announced. In such a situation, everyone’s eyes are whether RBI will increase the interest rates this time or not. There has been a sharp increase in the prices of petrol, diesel, CNG, PNG. In such a situation, the challenge of inflation is before the government. Experts believe that the Reserve Bank will not increase interest rates. He will maintain the status quo in interest rates.
The focus will be on growth
According to experts, RBI will focus on growth in the meeting. And let inflation remain like this for a few more days. Experts believe that steps can be taken to increase growth in the meeting. Some steps can be announced to recover the liquidity. Some experts believe that interest rates will be increased in the policy of December itself. He said that this increase will be mild. But some experts say that the rates will be changed only next year. Behind this, he cited the policy of the Fed. He believed that central banks around the world would follow this path.
Many challenges before RBI
Experts believe that consumption and agri growth are looking good. But industrial and service growth has to improve. Especially in the service sector, it is difficult right now. Um believes that the capex announced by many companies is very less. And most of the companies have taken cheap loans and paid off expensive loans. So how will the RBI deal with it, it is also a big problem in front of the central bank.
On the contrary, some experts are also of the opinion that tomorrow the repo rate and reverse repo rate can be increased in any one thing. He says the RBI would like to be ahead of the curve.
Let us tell you that according to a research report by Morgan Stanley, the Reserve Bank will keep the interest rates unchanged in the upcoming monetary review and at the same time will continue its soft stance. The report said that in the current financial year, inflation based on the Consumer Price Index will be around five percent.
State Bank of India Chairman Dinesh Khara recently said that it appears that interest rates will remain unchanged. He had said, there is some improvement in growth. In such a situation, I think interest rates will not increase. However, the central bank’s remarks will mention inflation.
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