15-January-2025
Economy News
 
Rate cut to be based on long-term inflation trajectory: RBI Governor
17-Sep-2024

Reserve Bank of India (RBI) Governor Shaktikanta Das has said the decision on interest rate moderation will be based on long-term inflation trajectory and not monthly data. The Monetary Policy Committee (MPC) headed by the RBI Governor is scheduled to meet between October 7 and 9 and take call on interest rate. The RBI kept the repo rate unchanged at 6.5 per cent for the ninth time in a row amid risks from higher food inflation. In the August meeting, four of six MPC members voted in favour of the status quo. In an interview to CNBC International, Das said the focus will be on the month-on-month momentum -- whether inflation is building up or moderating and the upcoming inflation trajectory will be carefully monitored with a forward-looking approach, and decisions will be made based on that assessment.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/rate-cut-to-be-based-on-long-term-inflation-trajectory-rbi-governor/articleshow/113400824.cms