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What does RBI’s current monetary policy mean for India’s economy? | In Focus podcast episode artwork

EPISODE · Jun 12, 2023 · 24 MIN

What does RBI’s current monetary policy mean for India’s economy? | In Focus podcast

from In Focus by The Hindu · host The Hindu

The RBI's Monetary Policy Committee decided to continue to retain the benchmark interest rate at 6.5%. Its estimate for inflation in FY24 is at 5.1% which is lower than the upper tolerance limit of 6% but still higher than the desired midpoint level of 4%.  Given the RBI's, and other central banks', hawkish view on rates, where does India's economy stand? Would the impetus for economic growth have to come from an accommodative fiscal policy? Learn more about your ad choices. Visit megaphone.fm/adchoices

What this episode covers

The RBI's Monetary Policy Committee decided to continue to retain the benchmark interest rate at 6.5%. Its estimate for inflation in FY24 is at 5.1% which is lower than the upper tolerance limit of 6% but still higher than the desired midpoint level of 4%.  Given the RBI's, and other central banks', hawkish view on rates, where does India's economy stand? Would the impetus for economic growth have to come from an accommodative fiscal policy? Learn more about your ad choices. Visit megaphone.fm/adchoices

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What does RBI’s current monetary policy mean for India’s economy? | In Focus podcast

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How long is this episode of In Focus by The Hindu?

This episode is 24 minutes long.

When was this In Focus by The Hindu episode published?

This episode was published on June 12, 2023.

What is this episode about?

The RBI's Monetary Policy Committee decided to continue to retain the benchmark interest rate at 6.5%. Its estimate for inflation in FY24 is at 5.1% which is lower than the upper tolerance limit of 6% but still higher than the desired midpoint level...

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