Status quo policy likely with focus on growth

An OMO calendar will make bond dealers happy but a disinvestment or privatisation calendar by the government will be a more potent weapon to manage yield and push growth

Five wise men and a wise woman — the Monetary Policy Committee (MPC) —will meet this week to decide on policy rates in Asia’s third-largest economy.
 
This is the fourth meeting of the Indian central bank’s new rate-setting body, which was reconstituted in October last year, and the first in fiscal year 2021-22.
 
Ahead of the meeting, the government announced its decision to keep the “flexible” inflation target of the monetary policy framework unchanged at 4 per cent with a two percentage points band on either side for the next five years, till 2025-26.
 
For the record,