Reserve Bank of India rate-setting panel starts meet, to announce decision on Thursday

Reserve Bank of India rate-setting panel starts meet, to announce decision on Thursday

FPJ BureauUpdated: Wednesday, May 29, 2019, 02:47 AM IST
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NEW DELHI: The RBI’s Monetary Policy Committee (MPC) Tuesday began 3-day meet to decide on key rates amid expectations it would change stance to neutral on low inflation but may not cut rates due to fiscal challenges and rising oil prices. The six-member MPC, headed by RBI Governor Shaktikanta Das, will meet between Tuesday and Thursday for the sixth bi-monthly monetary policy statement for 2018-19. According to experts, the MPC is likely to change its policy stance to ‘neutral’ from the current ‘calibrated tightening’ in its meeting this week on low inflation footprint but would refrain from cutting interest rates due to fiscal challenges and rising crude oil prices.

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