Key Points
The possibility of a second round impact of food price shocks on the overall inflation prompted Reserve Bank Governor Shaktikanta Das to opt for the status quo on benchmark interest rate at the bi-monthly monetary policy review earlier in the month...
The Reserve Bank at its last bi-monthly monetary policy committee (MPC) meeting on August 10 decided to keep the benchmark interest rate (repo rate) unchanged at 6.5 per cent citing inflationary concerns...
At the same time, we need to be ready to pre-empt any second-round impact of food price shocks on the broader inflationary pressures and risks to anchoring of inflation expectations, opined Das, as per the minutes of the meeting released by the RBI on Thursday...
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