RBI MPC Flags Widening Inflationary Pressures; Two Members Oppose Hawkish Stance

The Hindu - Business · business

MPC acknowledged risks from the West Asia conflict and rising oil prices, which are contributing to widening inflationary pressures. While the MPC unanimously voted to increase the repo rate by 25 basis points to 5.5%, two external members dissented on shifting the policy stance to calibrated tightening. They preferred retaining a neutral stance, fearing it could signal an extended rate hike cycle and negate growth-supportive policies. Governor Sanjay Malhotra noted headline CPI is projected to exceed the upper tolerance band in Q3.

आरबीआई एमपीसी ने बढ़ती महंगाई पर जताई चिंता; दो सदस्यों ने सख्त रुख का किया विरोध