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Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) May 2 and 4, 2022 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (May 4, 2022) decided to: Increase the policy re
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FAQ :
The policy repo rate has been increased by 40 basis points to 4.40% with immediate effect.
The decision was made by the Monetary Policy Committee on May 4, 2022.
The increase was based on an assessment of the current and evolving macroeconomic situation, primarily to anchor inflation expectations and contain second-round effects due to rising inflation.
Headline CPI inflation surged to 7.0% in March 2022, and inflationary pressures are broadening globally. Risks to the inflation outlook are considered significant.
The RBI has decided to remain accommodative while focusing on the withdrawal of accommodation to ensure inflation remains within the target, while also supporting growth.
The minutes of the Monetary Policy Committee's meeting will be published on May 18, 2022.
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