Chennai: The RBI policy was largely on expected lines from the macro-economic perspective – maintained status quo on policy rates and keeping accommodative stance, said Poonam Tandon, CIO, IndiaFirst Life Insurance Company Limited.
In a statement, Tandon said, “CPI inflation is expected to remain in check for 1HFY22 largely due to the base effect. However, rising input prices could see inflation inching upwards in coming quarters. GDP forecast has also been cut to 9.5% in FY22 vs. 10.5% earlier factoring in the impact of the second wave. The central bank will continue with its proactive and pre-emptive approach to ensure the economy returns to growth and keeping ample liquidity to support growth – the focus is now shifting to equitable distribution of liquidity in the real economy.”