Views on today's monetary policy by Ms. Lakshmi Iyer, Chief Investment Officer (Debt) & Head, Products, Kotak AMC
There was no surprise in RBI's monetary policy with respect to the repo rate. The central banker continues to remain wary of the CPI headline inflation, especially with respect to the vegetable prices, which have declined on the yoy basis in the recent past. The Central banker may be of the view that seasonality could be in play here and therefore further monitoring of inflation for more conclusive proof might be needed before any policy change. Having said that, we believe that the inflation and rate peaks might be behind us; and we may see a slow transition towards a more stable stance in the months ahead.Powered by Capital Market - Live News
