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An expected status quo: Monetary Policy review June 2023

The MPC kept rates and stance unchanged, the latter with the expected dissent from Prof. Varma. While the rate inaction was expected by almost everyone, there was some debate on whether a more qualified stance may now be forthcoming. In the event, the characterisation on stance landed somewhat more hawkish than what may have been expected. We delve into details below. ....

Monetary Policy , Suyash Choudhary , Fixed Income , Bandhan Asset Management , An Expected Status Quo Monetary Policy Review June 2023 ,