Total spending grew 0.9% in June.
February 14, 2018
India Monetary Policy: February 2018
The RBI held the benchmark Repo rate at 6% at its February meeting. This decision was in line with expectations.
Key points:
- The RBI held the benchmark Repo rate at 6% at its February meeting. This decision was in line with expectations.
- They also raised their inflation outlook, and highlighted upside risks to the forecasts.
- In light of the elevated inflation outlook, NAB Economics has changed its interest rate projection.
- In particular, we are forecasting a rate hike in the December quarter 2018, which will raise the Repo rate to 6.25%. Risks to our forecasts are evenly balanced.
For further details, please see the attached document:
