Key Points
Recent happenings can dash hopes of those who have been expecting that the Reserve Bank of Indias (RBI's) rate-setting panel, the Monetary Policy Committee (MPC), will take a pause in its April meeting tomorrow...
Concerns over a material slowdown in the affordable housing loan market and the need for financial stability taking centre stage due to the banking crisis in the West are two factors that can force a pause, SBI Research says in its latest Ecowrap report..
The RBI could pause rate hikes and the current 6.5 per cent repo rate could be the terminal rate for now, it says.. Tomorrow's MPC meeting is the first in the current financial year..
Recent unseasonal rains and a shock production cut announced by OPEC+ might have changed the MPC calculations if it had been considering to pause rate hikes..
But at some point of time the RBI must pause and think whether the impact of its earlier rate hikes has percolated down into the system, the SBI's chief economic adviser Soumya Kanti Ghosh said recently..
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