February 22, 2017 / 11:48 AM / 6 months ago

BRIEF-India budget allowed rate panel to focus squarely on inflation mandate-MPC minutes

Feb 22 (Reuters) -

* India cenbank releases February monetary policy committee meeting minutes

* India cenbank chief Patel says economic activity is expected to pick up from latter part of Q4 of 2016-17

* India cenbank chief Patel says there will be sufficient flexibility to move policy rate in either direction depending on future data outcomes and projections

* India cenbank chief Patel says discretionary consumer demand, which got impacted in immediate aftermath of demonetisation, expected to bounce back

* India cenbank deputy Acharya says significant transmission to borrowers of easy funding conditions at banks suggests unlikely further transmission of a rate cut by banks

* RBI's Acharya says effects on funding costs due to portfolio outflows could be substantial if cbank is not perceived as staying course on credible inflation targeting

* RBI's Acharya says budget has allowed rate panel to focus "squarely" on inflation targeting mandate (Reporting By Suvashree Dey Choudhury)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below