Monetary Policy & Banking
RBI flags widening inflation risks, puts rate cuts on ice
What's happening now
The Reserve Bank of India (RBI), through its Monetary Policy Committee (MPC), has signalled a shift in its approach towards inflation, moving away from a neutral stance to a 'calibrated tightening' stance. This change indicates a growing concern over the generalization of inflation (where price rises spread across a wider range of goods and services) and suggests that interest rate cuts are unlikely in the near future.
Source: Economic TimesRead the full story →