The Latest Breaking News from Monetary Policy Committee

British political junkies will effortlessly reel off the names of all nine US Supreme Court justices, but their minds go mysteriously blank if you ask them to identify a single member of the Bank of England's nine-strong Monetary Policy Committee (MPC). And frankly, this newsletter has had enough of the…

The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 6.5 per cent as retail inflation continues to be above its target of 4 per cent. Read further on Dynamite News:

The Monetary Policy Committee’s biggest hawk warned that investors are still “too complacent” in betting on a rapid series of rate cuts later this year.

June is still seen as most likely, but a cut at the Bank of England’s very next meeting is now seen as a possibility

The Reserve Bank of India's Monetary Policy Committee keeps policy repo rate unchanged at 6.50% for 2023-24.

Any shift on the Monetary Policy Committee toward a call for a rate cut will affect the outlook for timing of the first move down

The dissonance in messaging from the central bank, i.e. the Monetary Policy Committee, is telling

Markets see Thursday’s interest rate decision from the Bank of England’s Monetary Policy Committee more or less a coin toss

Allowing macroeconomic and monetary experts to serve on the Monetary Policy Committee is welcome. But, asks Eric Crampton, how did Reserve Bank believe there had never really been a ban? 

Catherine Mann, who is a member of the Bank’s Monetary Policy Committee, said she would rather ‘err on the side of over-tightening’ monetary policy.

The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected. Read further on Dynamite News: