MPC REVIEW MEETING: What could be key RBI Monetary Policy announcements on Friday; Here is a sneak peak in Zee Business Poll

Reserve Bank of India (RBI) Governor Shaktikanta Das will be announcing the Central Bank’s bimonthly policy rates on Friday after the conclusion of the Monetary Policy Committee (MPC) review meeting. What will be the stance taken by the committee? Will there be further rate cuts? What other key announcements are expected. Zee Business’ Devanshi Asher tells Managing Editor Anil Singhvi what to expect tomorrow.  

Asher said that there could be a status quo on key policy rates this time too. She said that the Central Bank could continue its accommodative stance like it has been doing over the past six Monetary Policy announcements. She said that the experts on these matters have indicated that the focus on maintaining liquidity would also likely continue, this time around too. 

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In a poll conducted by Zee Business on whether the interest rates would increase or decrease in FY22, some interesting responses came up, Asher said. At least 10 per cent respondents believe that the rates could be cut by 25 bps to boost growth, while 70 per cent respondents said that the rates may not change. The remaining 20 per cent have said that the rates could go up during this financial year by 25 bps. This hike could come by December, she said.

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कल आएगी RBI की क्रेडिट पॉलिसी...

क्या क्रेडिट पॉलिसी में ब्याज दरें घटेंगी?

पॉलिसी में क्या होगा RBI का रुख, कहां होगा फोकस?

जानने के लिए देखिए RBI पॉलिसी पर सबसे बड़ा पोल#RBI #RBICreditPolicy #CreditPolicy @AnilSinghvi_ @devanshiashar pic.twitter.com/UjVeYvNX0F

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Most experts feels that there could be a slight change in the reverse repo rate while the repo rate is expected to remain same, Asher said. 

On the issue of revision in CPI estimates of 5.2 per cent for the second half of the year, most experts felt that there could be no change in this policy announcements. Around 30 per cent felt that the inflation could go up, she further added.  

The inflation could go up as soon as the opening starts. While 10 per cent respondents felt that the inflation could come down from 5.2 per cent as estimated.

Around 60 per cent respondents said that that the GDP for FY22 could go down below 10.5 per cent. 30 per cent respondents felt that there will be no change in GDP while the remaining 10 per cent felt that it may even go upwards of 10.5 per cent. 

All these could be market movers tomorrow, she said.