RBI Monetary Policy 2022 Reserve Bank Of India Repo Rate RBI Governor Shaktikanta Das

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RBI Monetary Policy: The monetary review policy of the Reserve Bank has started. This 3-day meeting has started from today. With inflation rising due to the Russo-Ukraine war, there is a possibility that the central bank may keep the policy rate unchanged but change its stance.

First meeting of new financial year begins
This is the first meeting of the MPC to be chaired by Reserve Bank Governor Shaktikanta Das in the current financial year. The meeting will run from April 6 to 8. The conclusion of the meeting will be announced on April 8.

Rates have been stable since 10 sittings
In the last 10 meetings, the MPC has not changed the policy rate (repo) and at the same time has maintained a liberal stance. Earlier, the repo rate was cut on May 22, 2020. Since then this record has remained at a low of four percent.

Central bank gives loans to commercial banks
Repo rate is the rate at which the central bank gives loans to commercial banks to meet their immediate needs. Pradeep Multani, president of industry body PHD Chamber of Commerce and Industries, said on Wednesday that the economy is still in the revival process. In such a situation, there is a need to maintain a liberal stance to strengthen the economic foundation.

rise in inflation
“While inflation has risen due to the recent geopolitical crisis, keeping the policy rate unchanged will help the economy tide over external shocks,” he said. The cost of commodities has increased. This has increased the inflation rate. The government has given the responsibility to the central bank to keep inflation at 4 percent with two percent fluctuations.

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