RBI To Change policy Stance To “Neutral”

(RBI) will today conclude the three-day meeting of its Monetary Policy Committee

The Reserve Bank of India (RBI) will today conclude the three-day meeting of its Monetary Policy Committee (MPC) and release its sixth bi-monthly statement for 2018-19.

Today’s statement from the central bank will mark the first under Governor Shaktikanta Das, who took office nearly a week after the last policy meet on December 5 by his predecessor Urjit Patel.

With inflation well within the RBI’s medium-term target, analysts will closely watch any announcement on the key lending rate – or repo rate – and signs of easing policy in the coming months.

Many economists expect the RBI to maintain status quo on the rates while some see a change in policy stance.

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