The r b i wants to support this recovery. The one thing they don't want to do right now is bump up the rate. Let's suppose demand outstrips supply in a massive way. If this happens, we may see prizes rise again but only this time it will be induced by too much demand. And with supply chain bottle necks already keeping pace, inflation could really begin to hurt indian consumers.
The Monetary Policy Committee (good folks responsible for setting interest rates in the country) decided to leave them as-is yesterday (at 4%) after deliberating on the matter for three days. However, the Monetary Policy Report — published on the same day almost always offers new insights on the current state of the economy. So in today’s episode for 9th December 2021, we will talk about all the interesting bits from the report and more.
We've launched a new endeavor to give simplified health and life insurance advice via Ditto Insurance. Book a free consultation call with our advisors or just drop us a text on WhatsApp for all your insurance queries.
Check out Ditto: https://bit.ly/3CLTfsc
Insta- https://www.instagram.com/joinditto/
Twitter- https://twitter.com/joinditto