Business Standard

Wednesday, December 25, 2024 | 08:08 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

RBI-MPC may lower inflation forecast marginally: BoB Chief Economist

The consumer price index (CPI) inflation moderated in April-23 to 4.70 per cent year-on-year (YoY) and remained within the RBI's target range (2-6 per cent) for the second consecutive month

rbi, reserve bank of india

RBI

IANS Chennai

Listen to This Article

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) may lower the inflation forecast marginally and will not change the repo rate at the upcoming meeting owing to inflation being down and increased liquidity, said a top economist in Bank of Baroda.

"The MPC will not change the repo rate. The inflation is less than five per cent and will be in the coming months," Chief Economist Madan Sabnavis, Bank of Baroda told IANS.

The consumer price index (CPI) inflation moderated in April-23 to 4.70 per cent year-on-year (YoY) and remained within the RBI's target range (2-6 per cent) for the second consecutive month.

 

Adding further Sabnavis said the liquidity has increased and so the RBI-MPC's stance will also not change.

According to Sabnavis, the MPC may lower inflation forecast marginally.

--IANS

vj/ksk/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 03 2023 | 2:20 PM IST

Explore News