“Central Banks globally have embarked upon raising Interest Rates to curb inflationary pressure. However, India so far has maintained a more accommodative policy.
Retail inflation in India in Feb 2022 rose to 8 months high of 6.07% which is outside the RBIs target range of 4-6%. In the last MPC meeting, RBI attributed high inflation largely due to supply side pressures and hence they could be keen to maintain a more accommodative policy in this time MPC.”
