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Surge in Covid cases may prompt RBI to maintain status quo on rates: Experts

Surge in Covid cases may prompt RBI to maintain status quo on rates: Experts

A sudden surge in COVID-19 cases and the government’s recent mandate asking the central bank to keep retail inflation around 4 per cent are likely to prompt the Reserve Bank to maintain status quo on policy rates at its first bi-monthly monetary policy review for the current fiscal, according to experts.

The Monetary Policy Committee (MPC), RBI’s rate-setting panel, is also likely to maintain the policy stance accommodative at the next policy review to be unveiled on April 7, say experts.

RBI Governor Shaktikanta Das headed six-member MPC is scheduled to meet from April 5 to 7. The policy meet outcome will be announced on April 7.

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