As India's India's Monetary Policy Committee announced a surprise rate pause, economists do not expect further hikes. But they are divided on the possibility of a rate cut in fiscal 2023-24 even as consumer inflation remains above the tolerance band. The MPC decided to keep the benchmark repo rate unchanged in a unanimous decision at 6.5% even as the committee will be ready to act should the situ
The forward guidance is unwaveringly hawkish, according to Indranil Pan, chief economist at Yes Bank. It considers inflation an ongoing risk and keeps the door open for further rate increases in the future by not changing its stance of "withdrawal of accommodation", he said. "Effectively, I think that the RBI has now moved into an extended pause," Pan said. Given the large number of moving pieces. how to pause minecraft
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