ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Will the Reserve Bank Reverse Its Stance?

Is the mid-year monetary review by the Reserve Bank of India going to see a pause in the rate hike, implying that policy rates have now peaked? This note tracks the past experience with policy rate movements and identifies the inflection points for rate changes and the nature and intensity of changes in response to inflation and growth behaviour. An attempt is also made to ask what the RBI's stance should be, given the policy dilemma and risks associated with different policy options.

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