RBI-MPC may lower inflation forecast marginally: Bank of Baroda Chief Economist

Chennai: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may lower the inflation forecast marginally and will not change the repo rate at the upcoming meeting owing to inflation being down and increased liquidity, said a top economist in Bank of Baroda.

“The MPC will not change the repo rate. The inflation is less than five per cent and will be in the coming months,” Chief Economist Madan Sabnavis, Bank of Baroda told IANS.

Also Read

Modi, Putin direct officials to expand cooperation, target $100 billion trade by 2030: Envoy

3 hours ago

RBI’s new data centre in Odisha: What it will do, why it matters

6 hours ago

The consumer price index (CPI) inflation moderated in April-23 to 4.70 per cent year-on-year (YoY) and remained within the RBI’s target range (2-6 per cent) for the second consecutive month.

Adding further Sabnavis said the liquidity has increased and so the RBI-MPC’s stance will also not change.

According to Sabnavis, the MPC may lower inflation forecast marginally.

IANS