Key factors in RBI policy today
June 02, 2015 11:43
-- RBI cut the repo lending rate (the rate at which the RBI lends to banks) by 25 basis points to 7.25 per cent.
-- Global crude prices are a risk to inflation
-- FY16 GDP growth target cut to 7.6% from 7.8%
-- Volatility in external environment can affect inflation.
-- Today's policy is neither aggressive nor conservative. It is a "goldilocks" policy.
-- Banks have started passing through some of the past rate cuts, but should pass on the rate cut.
-- Mixed signs of recovery in the economy
-- Monsoon is the biggest uncertainty right now. A good monsoon will be important in keeping a lid on prices.
-- Impact of unseasonal rain moderate so far.
-- Global crude prices are a risk to inflation
-- FY16 GDP growth target cut to 7.6% from 7.8%
-- Volatility in external environment can affect inflation.
-- Today's policy is neither aggressive nor conservative. It is a "goldilocks" policy.
-- Banks have started passing through some of the past rate cuts, but should pass on the rate cut.
-- Mixed signs of recovery in the economy
-- Monsoon is the biggest uncertainty right now. A good monsoon will be important in keeping a lid on prices.
-- Impact of unseasonal rain moderate so far.
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