Over 50 basis points repo rate cut needed: MPC member Jayanth Varma
MPC member Jayanth Varma says it is depressing that India's projected growth rates for 2024-25 and FY26 are significantly lower than the potential growth rate of the Indian economy.
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Restrictive policy will lead to growth sacrifice in 2025-26: MPC member Jayanth Varma
Jayanth Varma voted to reduce the repo rate by 25 basis points and to change the stance to neutral.
Inflation may spike in near months due to supply shocks: MPC
Indian oil majors, which turned profitable in the summer last year, are in a position to reduce domestic prices, says MPC member Ashima Goyal
MPC's stance disconnected from reality: Jayanth R Varma
RBI monetary policy committee's stance to remain focused on 'withdrawal of accommodation' is becoming more and more disconnected from reality, says Jayanth R Varma
MPC minutes: Members divided on India's economic growth
Monetary Policy Committee's external members cautioned about early signs of a slowdown.
Monetary policy has become complacent about growth: MPC member Jayanth Varma
The 25 basis point rate hike approved by the majority of the MPC is not warranted in the current context of diminished inflationary expectations and heightened growth concerns, says Jayanth Varma.
Inflation, growth concerns forced surprise rate hike: MPC minutes
The worsening outlook of inflation warrants timely action to forestall second round effects which could lead to unanchoring of inflation expectations, states the RBI governor.
The build-up to RBI’s ‘bazooka’
Minutes of RBI’s Monetary Policy Committee meeting highlight that members were divided on the space for future rate cuts.
Rate cuts are a matter of ‘when’, not ‘if’
Despite acknowledging that inflation surged above tolerance level and the economy continued to be weak, the central bank’s MPC sees policy space available for future rate action.
