Quick Summary
1. In my statement ofApril 8, 2022I had referred to the tectonic shifts caused by the conflict in Europe which had created fresh challenges for global growth and the conduct of monetary policy. As the war draws on and sanctions and retaliatory actions intensify, shortages, volatility in commodity an
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FAQ :
The RBI's primary goal is to preserve macroeconomic and financial stability, even amidst global economic challenges and inflationary pressures.
The RBI is responding to challenges such as the conflict in Europe, rising global inflation, commodity price volatility, supply chain disruptions, and debt distress in developing countries.
The RBI has decided to increase the policy repo rate by 40 basis points to 4.40 percent and increase the cash reserve ratio (CRR) by 50 basis points to 4.5 percent.
The RBI will remain accommodative while focusing on the withdrawal of accommodation to ensure inflation remains within the target, whilst also supporting economic growth.
The Indian economy has shown resilience, drawing upon its fundamental strengths and a prudent policy mix, managing to weather global shocks so far.
The RBI anticipates continued food inflation pressures and potential increases in core inflation due to rising global commodity prices and domestic fuel price adjustments.
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