look news india
The meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India is going to be held from June 5 to June 7. Then everyone's seating arrangement is made on this seat. Since the MPC has not made any change in the repo rate in the last seven meetings, it has been kept unchanged. Meanwhile, the inflation rate also remains high, now experts are expressing the opinion that there will be no change in the repo rate for the eighth time in a row and the rate will remain at the level of 6.5 percent. That is, the hope of a cut in the repo rate has now faded. A survey was conducted on ten leading economists regarding the repo rate. In which it was revealed that the repo rate will remain at 6.5 percent, not only this, there will be no change in the economic policies from the MPC of the Reserve Bank. Along with this, economists are of the opinion that in the last six months of this year, the MPC can cut the repo rate and change the economic policies.
Notably, Reserve Bank of India Governor Shaktikanta Das recently compared inflation to the elephant in the room, which is now returning to the jungle.
Still have to wait a long time for price cut
A survey of ten economists suggested that the Monetary Policy Committee (MPC) will keep the repo rate unchanged at 6.5 per cent for the eighth time in a row.
the status quo will remain
It is likely that MPC will not make any change in economic policies
Rates are likely to come down in the second six months of the current year
The bi-monthly meeting of the MPC will be held between June 5 and June 7