MPC to hold rates in face of Omicron uncertainty

Whereas many EM central banks have been hiking rates aggressively, the RBI has been taking only baby steps towards policy tightening over the past couple of months. And the emergence of the Omicron COVID-19 variant only reinforces our view that it will continue to move very cautiously. In all, we think the MPC will announce further small measures to drain liquidity from the banking sector at the conclusion of its policy meeting on Wednesday 8^th December as it continues to lay the groundwork for policy rate hikes from mid-2022.   Drop-In: India – How much scarring will the pandemic leave? 10:00 ET/15:00 GMT, Wednesday 1^st December https://event.on24.com/wcc/r/3535749/63CC51718846E8FF3D871827AC84AF1E?partnerref=report Drop-In: Why is Asia sitting out the global inflation surge? 09:00 GMT/17:00 HKT, Thursday 2^nd December https://event.on24.com/wcc/r/3546145/A9D34EF592141BEFCAC819ADB40359D5?partnerref=report