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.
Jayanth Varma voted to reduce the repo rate by 25 basis points and to change the stance to neutral.
Indian oil majors, which turned profitable in the summer last year, are in a position to reduce domestic prices, says MPC member Ashima Goyal
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
Monetary Policy Committee's external members cautioned about early signs of a slowdown.
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.
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.
Minutes of RBI’s Monetary Policy Committee meeting highlight that members were divided on the space for future rate cuts.
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.