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 repo rate under the liquidity adjustment facility (LAF) by 35 basis points to 6.25 per cent with immediate effect. Consequently, the standing deposit facility (SDF) rate stands adjusted to 6.00 pe
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 011-411-70713
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.
CAclubindia
