Skip to main content

RBI Forecasts Accelerated Growth and Reduced Inflation in 2023 in their Monetary Policy, as per CNBC-TV18.


The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) projected inflation for FY24 to 5.2 percent, governor Shaktikanta Das announced on Thursday. The RBI MPC has projected inflation for the first quarter of this fiscal at 5.1 percent, 5.4 percent for the second and third quarters and 5.2 percent for the fourth quarter, Das said. #rbimonetarypolicy #reporate #cnbctv18 #RBIMPCmeet #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here. You can also connect with CNBC-TV18 News Online Catch the latest news: Follow CNBC-TV18 round the clock: Stay updated with all the market action in real time: You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: n18oc_business...(read more)


LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
On Friday, April 7th, 2023, the Reserve Bank of India (RBI) announced its monetary policy for the fiscal year ahead. It was revealed that the central bank had projected faster growth and softer inflation for the year in question. The RBI Governor, Shaktikanta Das, stated that the prevailing economic conditions warranted changes in policy stance. The bank predicted that the Indian economy would grow by 7.5 percent during the 2023 fiscal year. Additionally, inflation was forecast to ease to 4.0 percent. The Governor argued that the country's growth trajectory was expected to pick up due to multiple factors. Firstly, Das cited significant improvements in corporate and consumer confidence levels. Second, the RBI indicated that vaccination rates were on the rise, and this was a positive sign that the country would be able to resume normalcy sooner rather than later. Moreover, the Governor reported that the RBI had been implementing measures that were expected to drive growth in a transparent and optimal manner. He noted that the bank had supported critical sectors such as agriculture, infrastructure, and real estate through interest rate cuts and corresponding liquidity measures. Meanwhile, on the inflation front, the RBI said in a statement that it would continue to monitor trends closely. The bank was committed to keeping inflation under control and noted that the projected 4.0 percent figure was in line with its target. The Governor added that the RBI would remain vigilant on the inflation front while taking steps to stimulate growth. He said the bank would maintain an accommodative policy stance until disruption to economic activity eased. In summary, the RBI's monetary policy outlook for the 2023 fiscal year was bullish in terms of economic growth potential. The bank aims to strike a balance between boosting growth and keeping inflation under control. Investors, consumers, and industry stakeholders will be watching closely to see how the RBI's projections come to fruition. https://inflationprotection.org/rbi-forecasts-accelerated-growth-and-reduced-inflation-in-2023-in-their-monetary-policy-as-per-cnbc-tv18/?feed_id=86871&_unique_id=6435e5000752a #Inflation #Retirement #GoldIRA #Wealth #Investing #businessnews #BusinessNewsInEnglish #businessnewstoday #CNBC #CNBCEnglish #CNBCIndia #CNBCTV18 #CNBCTV18English #financialnews #indianeconomy #RBIgovernorshaktikantadasannouncesnochangeinreporatehikes #RBIhitspausebutton #rbihitspausebuttononreporatehikes #RBIkeepspolicyreporateunchangedat6.5 #rbikeepsreporateunchanged #RBIkeepsreporateunchangedat6.50 #ReservebankOfIndiakeepsreporateunchangedat6.50 #stockmarket #InvestDuringInflation #businessnews #BusinessNewsInEnglish #businessnewstoday #CNBC #CNBCEnglish #CNBCIndia #CNBCTV18 #CNBCTV18English #financialnews #indianeconomy #RBIgovernorshaktikantadasannouncesnochangeinreporatehikes #RBIhitspausebutton #rbihitspausebuttononreporatehikes #RBIkeepspolicyreporateunchangedat6.5 #rbikeepsreporateunchanged #RBIkeepsreporateunchangedat6.50 #ReservebankOfIndiakeepsreporateunchangedat6.50 #stockmarket
Labels:

Comments

Post a Comment

Popular posts from this blog

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their
Post a Comment
Read more

Birch Gold Group Review 2023 – Best Gold IRA Company? Pros and Cons

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. See chapters in the description. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Chapters: 0:00 - Intro 0:26 - Is Gold a Good Investment? 1:03 - What is Birch Gold Group? 1:37 - IRA Eligible Coins 1:59 - Is Birch Gold Group a Legitimate Company? 2:50 - How Does Birch Gold Group Work? 3:34 - Birch Gold Group’s Fees and Investment Options 4:02 - Birch Gold Group Low Minimum Investment 4:29 - Birch Gold Group Storage and Security 5:34 - Con #1 – No Overseas Storage Options 5:49 - Con #2 – Initial Setup Fees 6:02 - Birch Gold Group Review Summary Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a
Post a Comment
Read more