InvestorQ : What were the highlights of the MPC minutes announced on 24th February?
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What were the highlights of the MPC minutes announced on 24th February?

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3 months ago
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As is the norm, the MPC minutes were announced by the RBI 14 days after the RBI policy announcement on 10-February. In the minutes of the Monetary Policy Committee (MPC) meeting announced on 24-Feb, RBI governor Shaktikanta Das underlined the need for continued support to the economy with an economic rate policy that was liquid and supportive of growth. The Ukraine shock will only add strength to the claims.

It may be recollected that in the policy announced on 10-Feb, the MPC had maintained status quo on repo rates, reverse repo rates and also kept the stance of the monetary policy as accommodative. The sole voice of dissent in the MPC was that of Jayanth Varma, who believes that the RBI should have moved much earlier from accommodative to a more neutral policy stance. Ukraine war may change these equations quite drastically.

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