#RBIMinutes Guv Das: Agriculture is expected to be the bright spot in current year.
Govt capex, along with infra pipeline, should reignite investment cycle once restrictions eased.
As vax coverage expands, pent-up demand for contact-intensive services likely to rebound sharply.
Govt capex, along with infra pipeline, should reignite investment cycle once restrictions eased.
As vax coverage expands, pent-up demand for contact-intensive services likely to rebound sharply.
#RBIMinutes | Michael Patra: Growth-inflation trade-off & policy choices consequently shifted towards increasing accommodation.
Supply conditions remained relatively resilient in the second wave.
Aggregate demand barring net exports has been dented, needs policy support.
Supply conditions remained relatively resilient in the second wave.
Aggregate demand barring net exports has been dented, needs policy support.
#RBIMinutes | Mridul Saggar :First, as a baseline, inflation is expected to stay elevated from the target but below the upper tolerance level through the year.
probability distribution indicated in fan chart shows that risks of breaching upper tolerance level not insignificant
probability distribution indicated in fan chart shows that risks of breaching upper tolerance level not insignificant
#RBIMinutes | Jayant Varma: MPC must be sensitive to the risk that
inflation expectations could become entrenched if inflation remains elevated for too long.
MPC must remain data driven so that it can respond rapidly &
adequately to any unforeseen shocks that may arise in future
inflation expectations could become entrenched if inflation remains elevated for too long.
MPC must remain data driven so that it can respond rapidly &
adequately to any unforeseen shocks that may arise in future
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