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RBI: MPC keeps neutral policy stance - IndiaNotes.com
RBI: MPC keeps neutral policy stance
Kotak Securities | Published: 05 Oct, 2017  | Source : IndiaNotes.com


MPC in its fourth bi-monthly meeting of FY18, decided to keep the policy repo  rate unchanged at 6.00%, consequently the reverse repo rate remains at 5.75%,  MSF and Bank rate at 6.25%. Monetary policy stance remains neutral in  consonance with the objective of achieving the medium-term target for CPI  inflation of 4% +/- 2%, while supporting growth.


We had opined in our 3rd August note that RBI is expected to remain on hold in  the near term. As expected, RBI has increased its inflation expectation from 3.5-4.5% to 4.2-4.6% in H2FY18, raising the lower end by 70 bps. On plus side,  headline CPI is expected at 4.5% in Mar-19, down 10 bps from 4.6% in Mar-18.

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