Only time will tell how long interest rate will remain high, says RBI governor Shaktikanta Das

Fed Monitoring the Economy , as Powell Hints at , More Rate Hikes . Yahoo Finance reports that Federal Reserve Chair Jerome Powell warned that more interest rate hikes may be on the horizon, as inflation remains persistently high. . Additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of monetary policy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance. The statement comes just days ahead of the Fed's next interest-rate setting meeting scheduled for November 1. . The news also precedes a ten-day blackout, which bars Fed officials from making statements to the public. . In September, the last Fed policy-setting meeting held interest rates at a 22-year high, while indicating that more rate hikes would be required to reach the 2% inflation target. . Yahoo Finance reports that investors predict the central bank will hold steady at the November meeting, leaving the benchmark interest rate in the range of 5.25%-5.50%. Yahoo Finance reports that investors predict the central bank will hold steady at the November meeting, leaving the benchmark interest rate in the range of 5.25%-5.50%. We remain attentive to these developments because persistent changes in financial conditions can have implications for the path of monetary policy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance. We remain attentive to these developments because persistent changes in financial conditions can have implications for the path of monetary policy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance. Powell reportedly noted that core inflation was now down to about 3%. The committee is proceeding carefully. Doing too little could allow above-target inflation to become entrenched and ultimately require monetary policy to wring more persistent inflation from the economy at a high cost to employment. , Jerome Powell, Federal Reserve Chair, via Yahoo Finance. The committee is proceeding carefully. Doing too little could allow above-target inflation to become entrenched and ultimately require monetary policy to wring more persistent inflation from the economy at a high cost to employment. , Jerome Powell, Federal Reserve Chair, via Yahoo Finance. Doing too much could also do unnecessary harm to the economy, Jerome Powell, Federal Reserve Chair, via Yahoo Finance

RBI Monetary Policy October 2023: The three-day MPC meeting Chaired by RBI Governor Shaktikanta Das, commenced on October 4 and is set to conclude today.

RBI Monetary Policy October 2023: The three-day MPC meeting Chaired by RBI Governor Shaktikanta Das, commenced on October 4 and is set to conclude today.

The Reserve Bank of India (RBI) has decided to maintain its current interest rates, with the repo rate remaining at 6.5%. The decision comes as the economy is...