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RBI MPC Policy: Mutual fund managers decode RBI rate pause for investors
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) in its bi-monthly monetary policy review again decided to keep the policy rate unchanged at 6.50%. The MPC of the central bank also retained its stance of remaining focussed on “withdrawal of accommodation.”
Here is how mutual fund managers explain the policy for investors.
Deepak Agrawal, CIO- Debt, Kotak Mahindra AMC
RBI MPC wants the elephant (inflation) to stay in the forest (lower) for a long period of time. Strong growth projections for FY 25, give flexibility to RBI to stay on hold till the time we actually witness global monetary easing. Highlighting that the last mile of inflation remains challenging, RBI MPC decided to keep rates unchanged and maintained a “withdrawal of accommodation” stance.
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