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The following are reactions from industry experts and analysts on RBI’s monetary policy announced today.

The European Union agreed that this position was “fully compatible” with its own agenda on a Greek bailout, which could be worth up to €86 billion (RM361.97 billion).

Don Gimbel, global portfolio manager of Geneva Advisors in Chicago – who oversees $9 billion – asks, “Why would anybody want to be invested in a controlled market?”

Greek crises has many unanswered questions and silent reservations, where the bailout plan of €86 billion could still be scraped and further developments may experience criminal proceedings, regarding the former finance minister.

“Most peoples’ expectations are that we’re going to get a hike by the end of the year, and the Fed [statement] today didn’t do anything to change that narrative”, said Joe Bell, a Cincinnati-based senior equity analyst at Schaeffer’s Investment...

And the FOMC’s largely upbeat policy statement suggests the economy is on track to meet those conditions. However, the latest statements from the US Federal Reserve also signal that a US interest rate hike is coming closer, hence giving rise to a stronger US dollar at the...

The only question seems to be when.

“If the Fed get this wrong, then gold will rediscover its mojo in a big way”, Chris Weston, chief market strategist at IG, said. While growth remains disappointing by historical standards, the Fed said the economy continued to expand at a “moderate” pace,...

But a European source said it was not yet confirmed that the talks would begin Friday, adding that at most “only a few people” from the so-called troika of creditors would arrive before the weekend.

“We are satisfied with the smooth and constructive cooperation with the Greek authorities, and that should now allow us to progress as swiftly as possible”, Mina Andreeva, a European Commission spokeswoman, said in Brussels.

But instead of taking a harder line with the creditors, Tsipras and a majority of the cabinet decided to put forward a proposal capitulating to EU and European Central Bank demands for additional austerity measures in a country whose economy has contracted 25 percent since 2010.

Europe moved to re-open funding to Greece’s stricken economy on Thursday after the parliament in Athens approved a new bailout program in a fractious vote that left the government without a majority.

Greek prime minister Alexis Tsipras got the reforms through with the help of pro-European opposition parties.

Following an emotional debate and early-morning vote, the country’s parliament approved a raft of austerity measures that its worldwide creditors had demanded as a first step before negotiating a final rescue deal.

The Greek parliament approved the measures in a vote, that fractured Mr. Tsipras’s ruling Syriza party, which was elected in January on an anti-austerity platform, only to betray it this week. He suggested, that Greece might be better off, leaving the euro, which would...