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Date : 04 Mar 2015
For RSS Alerts
Statement by Dr. Raghuram G Rajan, Governor, on Monetary Policy
It may be recalled that in its statement on monetary policy of January 15, 2015 the Reserve Bank reduced the policy repo rate by 25 basis points and indicated that ““Key to further easing are data that confirm continuing disinflationary pressures. Also critical would be sustained high quality fiscal consolidation…”.While maintaining the interest rate stance in its sixth bimonthly monetary policy statement of February 3 in the absence of new developments on inflation or on the fiscal outlook till then, the Reserve Bank indicated that it will keenly monitor the revision in the consumer price index
(CPI) with regard to the path of inflation in 201516 as well as the Union Budget for 201516.
Data Developments
The new CPI rebased to 2012 was released on February 12, 2015. Inflation in January 2015 at 5.1 per cent as measured by the new index was well within the target of 8 per cent for January 2015. Prices of vegetables declined and, hearteningly, inflation excluding food and fuel moderated in a broadbased manner to a new low. Thus, disinflation is evolving along the path set out by the Reserve Bank in
January 2014 and, in fact, at a faster pace than earlier envisaged.
The uncertainties surrounding any inflation
NOTIFIC ATIONS
P UBLIC ATIONS
DATABASE
SP EEC H ES
SITEMAP
P RESS RELEASES
FAQs
GLOSSARY
TENDERS
FORM S
OTHER LINKS
EVENTS
CONTACT US
AP P LIC ATION
TRAC KING
SYSTEM
DISCLAIMER
RBI
C LARIFIC ATION
Home >> Press Releases View Press Releases
Search
This Section
Entire Website
Select Department
Note : To obtain an aligned printout please download the respective software to print the story.
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(198 kb) version to your machine and then use
Period
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Date : 04 Mar 2015
For RSS Alerts
Statement by Dr. Raghuram G Rajan, Governor, on Monetary Policy
It may be recalled that in its statement on monetary policy of January 15, 2015 the Reserve Bank reduced the policy repo rate by 25 basis points and indicated that ““Key to further easing are data that confirm continuing disinflationary pressures. Also critical would be sustained high quality fiscal consolidation…”.While maintaining the interest rate stance in its sixth bimonthly monetary policy statement of February 3 in the absence of new developments on inflation or on the fiscal outlook till then, the Reserve Bank indicated that it will keenly monitor the revision in the consumer price index
(CPI) with regard to the path of inflation in 201516 as well as the Union Budget for 201516.
Data Developments
The new CPI rebased to 2012 was released on February 12, 2015. Inflation in January 2015 at 5.1 per cent as measured by the new index was well within the target of 8 per cent for January 2015. Prices of vegetables declined and, hearteningly, inflation excluding food and fuel moderated in a broadbased manner to a new low. Thus, disinflation is evolving along the path set out by the Reserve Bank in
January 2014 and, in fact, at a faster pace than earlier envisaged.
The uncertainties surrounding any inflation
Links: Statement by Dr. Raghuram G Rajan, Governor, on Monetary Policy It may be recalled that in its statement on monetary policy of January 15, 2015 the Reserve Bank Data Developments The new CPI rebased to 2012 was released on February 12, 2015. Inflation in January 2015 at 5.1 per