Mumbai: RBI Governor Sanjay malhotra in his maiden monetary policy Committee (MPC) Meeting Had Said That It was an 'Approves Time' to Cut Rates, Given the Macroeconomic Outlook and Expected Inflation Alignment with the target. Malhotra Had Argued That Monetary Easing, Along with Agricultural Growth and Budgetary Measures, Would Stimulate Househld Consumption, House Investment and Capital Expendence, Capital Expendence, Strengthening Overall Demed. These comments indicate the governor's preferrance for supporting growth, against the backdrop of modeling price pressures.
The minutes of the first mpc meeting with two new rbi members reveal that there was an unanimous Vote for a rate cut, amid fears of slowing growth. The RBI on Friday Released Minutes of the mpc meeting help on Feb 6. The meeting resulted in a 25 Basis point cut in the repo rate – the first in five years. Slowing growth and consumption had triggered calls for a rate cut. Officials in the finance ministry also said that the budget, which unveiled a mega tax relieve for the middle class and also stuck to fiscal consoldation, has given “Comfort to the Monetary Authroity,” Which was interpreted as a strong support for a rate cut.
While He Voted for the Cut, Malhotra also wanted Monetary Policy to Retain Its Flexibility. “Uncertaintiies on Global Financial Markets and Trade Policy Front, Coupled With Continuing Risk of Adverse Weather Events, Pose Risks to the Information and Growth Oouquet. Growth outlook. Forces Play Out.
“At the current Juncture, with a further alignment of headline inflation towards the 4% target, there is green is a great to address concerns concurrens Regarding Growth by Way of Reduction in the Policy REPO REPO RAPO RAPO RATE Rajeshwar Rao in his first mpc meeting.
RBI Member Rajiv Ranjan said “having duly sequenced our stance and liquidity measures during Policy setting
Nagesh Kumar, Who Had Earlier Voted for a 25 Basis Point Rate Cut, Called for a Half a Percentage Point Reduction in the latest mpc meeting. “We could be more amableious and target a 50 basis point cut. It would send a signal to markets and private investors within and outside the country that India is serial and building India is serial Economic Growth Momentum. “
(Tagstotranslate) Business News (T) Sanjay Malhotra (T) REPO RATE CUT (T) RBI Policy Meeting (T) Rate Cut India (T) Monetary Policy
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