#MCProOpinion | While higher than expected retail inflation in April is likely to force the #MPC to raise rates again at its June meeting, the IIP shows that manufacturing growth is still weak.
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https://www.moneycontrol.com/news/opinion/is-rbi-tightening-policy-at-a-time-when-industrial-growth-is-still-weak-8499151.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/opinion/is-rbi-tightening-policy-at-a-time-when-industrial-growth-is-still-weak-8499151.html?utm_source=telegram&utm_medium=social
Moneycontrol
Is RBI tightening policy at a time when industrial growth is still weak?
The higher-than-expected inflation is likely to result in another hike in the policy rate at the MPC’s next meeting on 6th-8th June
The #RBI is not behind the curve in hiking interest rate to tackle rising inflation, #MPC member #AshimaGoyal told PTI today.
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https://www.moneycontrol.com/news/business/rbi-not-behind-the-curve-in-hiking-rates-says-ashima-goyal-of-rate-setting-panel-8508631.html?utm_source=telegram&utm_medium=social
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Moneycontrol
RBI not behind the curve in hiking rates, says Ashima Goyal of rate-setting panel
Her comments come after the the central bank’s rate-setting panel recently surprised the markets with a 40 basis point hike in repo rate in an off-cycle policy meeting this month.