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Monetary Policy Statement, 2022-23 Resolution of the Monetary Policy Committee (MPC) April 6-8, 2022 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (April 8, 2022) decided to: Keep the policy repo r
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FAQ :
The Reserve Bank of India has lowered the GDP growth forecast for FY23 to 7.2%, down from the earlier projection of 7.8%.
The forecast has been lowered due to the worsening global economic and financial environment, including geopolitical conflicts, surging commodity prices, and persistent supply chain issues.
The policy repo rate has been kept unchanged at 4.0 per cent.
The MPC has decided to remain accommodative while focusing on the withdrawal of accommodation to ensure inflation remains within the target and to support growth.
Inflation is projected at 5.7 per cent for 2022-23, with specific quarterly projections including Q1 at 6.3 per cent, Q2 at 5.8 per cent, Q3 at 5.4 per cent, and Q4 at 5.1 per cent.
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