October Update of RBI Monetary Policy

By:- B.T Team Image Credit:- Google

Status quo for the 10th time, but stance shifts to "neutral." RBI Monetary Policy Update: October 2024

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[{"selector":"#anim-1fdc5d6f-e51f-4112-ab4f-b6277bf9af77 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-50.136484803951475%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] MSF & SDF Rates Unchanged Marginal Standing Facility (MSF) remains at 6.75%, and Standing Deposit Facility (SDF) at 6.25%.

[{"selector":"#anim-2b9b6f0f-90de-4554-8961-86ccc75718aa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.084808532912529%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Market Predictions A CNBC-TV18 poll correctly predicted the unchanged repo rate, reflecting market expectations.

[{"selector":"#anim-4a6650e3-4587-4570-8618-e3829e59b424 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-25.888577373304933%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The decision was made with a 5:1 majority among the Monetary Policy Committee members. Voting Outcome

[{"selector":"#anim-c86112e3-1fe2-406c-865d-79cf9b8bd033 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(20.280314073270482%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Shift to 'Neutral' Stance RBI changes its stance from "withdrawal of accommodation" to "neutral," signaling policy flexibility.

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Flexible Inflation Targeting

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October Update of RBI Monetary Policy

Flexible Inflation Targeting

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