{"id":314365,"date":"2024-10-24T19:07:09","date_gmt":"2024-10-24T13:37:09","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=314365"},"modified":"2024-10-24T19:07:09","modified_gmt":"2024-10-24T13:37:09","slug":"reserve-bank-cannot-risk-another-bout-of-inflation-says-governor-das","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/reserve-bank-cannot-risk-another-bout-of-inflation-says-governor-das\/","title":{"rendered":"Reserve Bank cannot risk another bout of inflation, says Governor Das"},"content":{"rendered":"<p><strong>News:<\/strong> <em>The Monetary Policy Committee\u2019s meeting held from October 7-9 has decided to keep the repo rate unchanged at 6.5 percent for 20 consecutive months.<\/em><\/p>\n<p>1. Monetary Policy Committee is a statutory body under the RBI Act, 1934. It is responsible for fixing benchmark interest rates in India and maintains price stability while keeping in mind the objective of growth.<\/p>\n<p>2. The decision to keep the repo rate unchanged at 6.5% was taken by a 5:1 majority, with MPC member Nagesh Kumar voting for a 25-basis point cut.<\/p>\n<p>3. The Monetary Policy Committee decided to change the monetary policy stance to neutral, after keeping it as withdrawal of accommodation for 28 straight months.<\/p>\n<p>4. An important reason to keep the repo rate unchanged was retail inflation surging to a nine-month high of 5.49 percent in September from 3.65 percent in August.<\/p>\n<p>5. The decision is also in line with the RBI\u2019s mandate to maintain the inflation target of 4% with a tolerance band of +\/- 2%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>News: The Monetary Policy Committee\u2019s meeting held from October 7-9 has decided to keep the repo rate unchanged at 6.5 percent for 20 consecutive months. 1. Monetary Policy Committee is a statutory body under the RBI Act, 1934. It is responsible for fixing benchmark interest rates in India and maintains price stability while keeping in&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/reserve-bank-cannot-risk-another-bout-of-inflation-says-governor-das\/\">Continue reading <span class=\"screen-reader-text\">Reserve Bank cannot risk another bout of inflation, says Governor Das<\/span><\/a><\/p>\n","protected":false},"author":10384,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[12039],"tags":[],"class_list":["post-314365","post","type-post","status-publish","format-standard","hentry","category-knolls","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/314365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10384"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=314365"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/314365\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=314365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=314365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=314365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}