RBI MPC Meet LIVE: Reserve Bank of India to unveil monetary policy of new financial year today, expected to maintain status quo on rates - The Economic Times

The Reserve Bank of India's Governor Shaktikanta Das is set to announce the monetary policy rates for new financial year (2022-23) today. Most analysts are expecting RBI to maintain status quo on interest rates to support growth. However, RBI may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the ongoing Russia-Ukraine war, and the urgency to protect and boost growth, feel experts.The RBI is likely to suggest that inflationary pressures are temporary, that inflation will remain below its 6 per cent upper-bound, and that monetary policy should remain supportive of growth.The government has mandated the central bank to keep the inflation at 4 per cent (+,- 2 per cent). After the February MPC meeting, the RBI had decided to hold its key lending rates steady at record low levels for the 10th straight meeting to support a durable recovery of the economy from the COVID-19 pandemic.

via Economictimes

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