ADVERTISEMENT

Ecowrap - RBI Monetary Policy - How Money Is More Important Than Monetary Policy: SBI Research

Ecowrap - RBI Monetary Policy - How Money Is More Important Than Monetary Policy: SBI Research

<div class="paragraphs"><p>A pedestrian walks past the Reserve Bank of India building in Mumbai. (Photographer: Kanishka Sonthalia/Bloomberg)</p></div>
A pedestrian walks past the Reserve Bank of India building in Mumbai. (Photographer: Kanishka Sonthalia/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

SBI Research Report

As expected, RBI’s Monetary Policy Committee unanimously decided to keep policy repo rate unchanged at 4% (9th straight time) and decided to continue with the accommodative stance (with 5-1 vote) as long as necessary.

As far as projections go, RBI has retained its projection of real GDP growth for FY22 at 9.5% consisting of 6.6% in Q3 (earlier: 6.8%) and 6.0% in Q4 (earlier: 6.1%) as well as CPI inflation forecast at 5.3% for FY22 with 5.1% in Q3 (earlier: 4.5%); and 5.7% (earlier: 5.8%) in Q4 FY22. CPI inflation for Q1 & Q2 FY23 is projected at 5.0%.

Click on the attachment to read the full report:

SBI Ecowrap RBI Monetary Policy.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.