ReutersThe Reserve Bank of India (RBI) on Wednesday raised the key policy interest rate by 50 basis points owing to intensifying inflationary pressures, slowing growth, persisting geopolitical tensions and sanctions, and lingering COVID-19 related supply chain bottlenecks.
An ET poll suggested the policy repo rate could be increased by 25-50 basis points with nearly half the 23 market participants forecasting a 50-basis-point, or half-a-percentage point, increase. The others said the policy rate could increase between 25 and 40 basis points.
Here are the top takeaways from today’s meet:
An ET poll suggested the policy repo rate could be increased by 25-50 basis points with nearly half the 23 market participants forecasting a 50-basis-point, or half-a-percentage point, increase. The others said the policy rate could increase between 25 and 40 basis points.
RBI hikes repo rate by 50 bps: Here are the key highlights of the RBI monetary policy
As expected, the MPC voted unanimously to increase the policy repo rate by 50 basis points to 4.90 per cent. The MPC’s rate action was in line with market expectations. Experts say that they continue to see another 60-85 bps hike in the rest of FY23 to manage inflationary expectations
Here are the top takeaways from today’s meet:
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