Policy panel wary of food prices – Times of India

Share This Post

MUMBAI: Members of RBI‘s monetary policy committee were optimistic about growth in their meeting this month, but concerned about food prices spiking. The minutes of the MPC meeting held from Feb 6-8 and released on Wednesday show members’ less hawkish stance on stifling demand but also that they believe in waiting a bit longer before reducing rates.
“Inflation is expected to soften further to an average of 4.5% in 2024-25…Food price uncertainty remains a major source of volatility for the headline inflation outlook… Growing geopolitical tensions and supply chain disruptions due to new flashpoints also pose further risks to the inflation outlook,” said RBI governor Shaktikanta Das in the meeting.



Source link

spot_img

Related Posts

UK inflation falls as meat and crumpet prices drop

It was still slightly higher than economists expected, and...

Rawalpindi weather update ahead of Pakistan-New Zealand T20Is – SUCH TV

The initial matches of Pakistan’s home T20I series...

Caitlin Clark becomes first pick in WNBA Draft in $17K dress

Caitlin Clark sported a a pricey Prada outfit for...

Telecom fights price caps as U.S. spends billions on internet access

AT&T, Charter, Comcast and Verizon are quietly trying to...

Goldman Sachs reports earnings before market open — here’s what the Street expects

David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's...
- Advertisement -spot_img