RBI rate hike is first step on ‘glide path’


The Reserve Bank of India (RBI) raised its key policy rate by 25 basis points to 8% today, which some observers have suggested represents a "tacit acceptance" of the sweeping changes to monetary policy recommended by the Urjit Patel committee.

In December the RBI pledged to tighten its monetary policy if any one of three inflation measures – headline, food or non-food – "did not fall". Although annual CPI inflation dropped to 9.9% in December, with food and fuel stripped out, it "remained flat"

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account