RBI credit policy: What Governor did not mention, or referred to just in passing | HDFC Securities view
The Committee's assurance to continue with the accommodative stance of monetary policy as long as necessary, for the current and next year is welcome. The MPC feels that inflation is likely to remain elevated, with some relief in the winter months from prices of perishables and bumper kharif arrivals and has raised inflation projections for H2 FY21 and H1 FY22. The fact that as per the RBI, CPI may not fall materially even in H1 FY22 is a bit worrying.
The real GDP growth projections have been upped. While the Q4 growth projection is below expectations, the H1 FY22 projections bring in a sense of relief: Zee Business