Brokerage company Nomura states that RBI might alter its monetary policy stance in first quarter of 2022Reserve Bank of India (RBI) may alter its financial policy stance and boost loaning rates from the first quarter of 2022, Japanese brokerage firm Nomura stated on Monday.The apex bank will begin moving towards regular liquidity flow from this month, it stated, adding that this will limit the space in between the rate at which it moneys the system and the rate at which it takes in excess cash flow, in December.An area of specialists have seen RBI's relocate to narrow down excess liquidity through specified targets as a first step towards normalising its policy position, which has been rather accommodative since in 2015, to take in the pressures produced due to the start of the Coronavirus pandemic, the report by the brokerage company noted.Nomura treked its consumer cost index inflation target for 2022 to 5.2 per cent from 5 percent earlier.Demand stays strong in India, but there are supply-side headwinds in locations like chips which is troubling the automobile sector and coal scarcities which threatens to put parts of the nation into darkness, it said.There has been an intense shortage of coal in the nation and the power companies are facing the prospects of importing coal at high costs and with power demand expected to increase in the coming days due to the celebration season, supply side constraints might cause downside risk to growth momentum, Nomura warned in its report.