Monetary Policy Committee News
RBI cuts banks’ reserve requirements, a precursor to policy rate easing
It’s now over to the next Monetary Policy Committee meeting on 7 February 2025, at which members must vote in favour of a long-awaited rate cut.
3 min read10 Dec 2024RBI MPC: FX, not inflation, curbing degrees of policy freedom
In an increasingly volatile world, degrees of freedom for the RBI’s monetary policy committee to ease policy to support growth would be constrained more by foreign exchange movements rather than inflation
4 min read3 Dec 2024Australia Treasurer Says Opposition Blocking Central Bank Reform
Australian Treasurer Jim Chalmers said he was disappointed but not surprised that the Liberal-National opposition had rejected his compromise offer on Reserve Bank reforms and he may turn to minority parties in search of a deal.
1 min read10 Sep 2024Egypt Keeps Rate at Record High as Subsidy Cuts Spur Caution
Egypt kept interest rates at a record high for another meeting as it weighs the effects of a new round of subsidy cuts on inflation that’s been slowing for five straight months.
2 min read5 Sep 2024Monetary policy committee should match its words and actions on stance, says member Jayanth R Varma
External member Varma believes that a real policy rate of 1-1.5% is sufficient to glide inflation to the target. The current real rate of around 2% risks an unwarranted growth sacrifice.
2 min read21 Apr 2024When food inflation became main course on MPC menu
Members of RBI’s monetary policy committee believe it is too early to take their eyes off inflation, especially given the volatility in food inflation
3 min read19 Apr 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared