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“The MPC expectedly kept the key rates unchanged unanimously and reiterated its accommodative stance both on rates and liquidity. However, Prof Jayanth Varma’s dissent on continuation of accommodative stance for foreseeable future continues to keep MPC in split state,” said Madhavi Arora, lead economist, Emkay Global Financial Services.
RBI monetary policy committee (MPC) projected India’s economic growth projection for the financial year 2023 (FY23) at 7.8 per cent. RBI forecasts FY23 CPI inflation at 4.5 per cent.
The six-member monetary policy committee has started the deliberations on February 8, a day after the previously scheduled date in view of the public holiday declared by the Maharashtra government to mourn the death of legendary singer Lata Mangeshkar. This will be the first RBI MPC announcements after Budget 2022. Investors will keenly the follow the decisions of RBI MPC to get a forward guidance on growth and inflation going forward.
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