Wednesday, March 12

Tag: MPC

Would like inflation elephant to return to forest, stay there: RBI Guv Das | Economy & Policy News
5Apr By adminNo Comments
Business

Would like inflation elephant to return to forest, stay there: RBI Guv Das | Economy & Policy News

Shaktikanta Das, RBI Governor The Reserve Bank of India’s (RBI’s) six-member Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, has decided to maintain the status quo on both policy rate and stance for the seventh consecutive time. This decision is driven by the central bank’s commitment to ensuring last-mile disinflation, with Das indicating that there is no need to start reducing interest rates until inflation reaches the target of 4 per cent. Highlighting strong momentum in economic activity, Das, in his customary policy statement, said: “Robust growth prospects provide the policy space to remain focused on inflation and ensure its descent to the target of 4.0 per cent.”  “As the uncertainties in food prices continue to pose challenges, the MPC remain...
Read More
Should you prepay home loan or invest money? MintGenie explains
11Dec By adminNo Comments
Money

Should you prepay home loan or invest money? MintGenie explains

There is a strong possibility that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will maintain a hawkish position on the repo rate in December 2023. The existing fixed repo rate of 6.5 per cent in India has resulted in a standstill in home loan rates, posing a dilemma for numerous borrowers regarding whether to prepay their loans or persist with their investment strategies. The reason behind this is that with a long-term home loan, the interest paid over time often surpasses the principal amount, leading to a substantial repayment at the loan’s conclusion. One highly efficient ...
Read More
Walmart Earnings, Low Fuel Prices Drag on Stocks
18Nov By adminNo Comments
Money

Walmart Earnings, Low Fuel Prices Drag on Stocks

Earnings selloffs in Cisco Systems and Walmart pulled down the Dow. But the broader market narrowly overcame those drags as well as tumbling energy shares to keep the November rally going.The S&P 500 added 0.1%. The tech-oriented Nasdaq Composite eked out a smaller gain than that and is now up 9.8% this month. The Dow Jones Industrial Average shed about 0.1%, or 46 points.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
RBI likely to keep interest rate unchanged as inflation still high: Experts
24Sep By adminNo Comments
Business

RBI likely to keep interest rate unchanged as inflation still high: Experts

The Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts. The Reserve Bank had raised the benchmark repo rate to 6.5 per cent on February 8, 2023 and since then it has retained the rates at the same level in view of the stubbornly high retail inflation and certain global factors including elevated crude oil prices in the international market. The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023. The last meeting of the MPC, the highest rating-setting pa...
Read More