RBI minutes: Shaktikanta Das says pause in repo rate tactical not pivot as fight against inflation far from over
In a surprise move, in the first bi-monthly monetary policy of FY24, RBI kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%.
RBI has hinted towards the possibility of more rate hikes ahead in the latest minutes of the MPC meeting which was released on Thursday. This would be for April 2023 policy. On the latest pause in repo rate, governor Shaktikanta Das said, it is tactical and not a pivot or a change in policy direction. He believes the fight against inflation is far from over.