Quick Summary
Monetary Policy Statement, 2022-23 Resolution of the Monetary Policy Committee (MPC) December 5-7, 2022 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 7, 2022) decided to: Increase the policy
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FAQ :
The new policy repo rate has been increased by 35 basis points to 6.25%.
The hike is based on an assessment of the current and evolving macroeconomic situation, with the aim of ensuring inflation remains within the target while supporting growth.
The standing deposit facility (SDF) rate is adjusted to 6.00%, and the marginal standing facility (MSF) rate and Bank Rate are adjusted to 6.50%.
The RBI remains focused on withdrawing accommodation to ensure inflation stays within the target of 4% (+/- 2%) and to anchor inflation expectations.
The minutes of the Monetary Policy Committee's meeting will be published on December 21, 2022.
The next meeting of the Monetary Policy Committee is scheduled for February 6-8, 2023.
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