Inflation is all across the globe and all central banks are on a run to curb the inflation. The Federal Open Market Committee (FOMC) is scheduled to meet on 2nd November and take further rate hike decisions to bring in control the way too high inflation in the USA. FOMC has been revising the policy rates time and again and it cascades to other central banks to think and revise their key rates.
This time Reserve Bank of India has scheduled its Monetary Policy Committee (MPC) meeting just after a day post FOMC meeting on 3rd November 2022. The MPC must be planning to review key changes that FOMC will announce and it’s impact on Rupee and Indian economy. MPC will also take key decisions if any to change key rate as done before.
All eyes now on FOMC and MPC for key policy rate changes