{"id":1210,"date":"2022-02-10T09:03:21","date_gmt":"2022-02-10T09:03:21","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1210"},"modified":"2022-02-10T09:03:22","modified_gmt":"2022-02-10T09:03:22","slug":"the-monetary-policy-statement-key-policy-rates-kept-unchanged","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/the-monetary-policy-statement-key-policy-rates-kept-unchanged\/","title":{"rendered":"The monetary policy statement, key policy rates kept unchanged"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>On 10th February, the\ngovernor, Mr. Shaktikanta Das, of the apex bank of the country Reserve Bank of\nIndia, gave the monetary policy review of 2021-22.<\/p>\n\n\n\n<p>In the monetary policy\nreview of 2021-22, RBI in its statement talked about the global economy, domestic\neconomy, future projection, and policy rates.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Policy\nRates:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Repo Rate-4%<\/li><li>reverse Repo-3.35%<\/li><li>MSF rate and Bank Rate-4.25%<\/li><\/ul>\n\n\n\n<p><strong>Global\nEconomy:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The third wave of covid or the emergence of\nomicron dampened the business sentiment across the world and the global\ncomposite purchasing manager index (PMI)&nbsp;\nslipped to an 18 month low with weakness in both services and manufacturing\nto 51.4 in Jan 2022.<\/li><li>&nbsp;International Monetary Fund (IMF) has revised\nglobal output and trade projection for 2022 to 4.4%&nbsp; and 6%, from its earlier forecasts of 4.9%\nand 6.7 %, respectively.<\/li><\/ul>\n\n\n\n<p><strong>Domestic\nEconomy:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>India&#8217;s gross domestic product, as\nestimated by National Statistical Office (NSO) on January 7, 2022, is expected\nto be around 9.2% for 2021-22.<\/li><li>Amid Omicron, demand has contracted in the\ncurrent fiscal year.<\/li><li>Rural demand is indicated by the sale of\ntwo-wheeler and tractors, which has declined in December 2021<\/li><li>Area Sown under Rabi crop till 4th Feb 2022\nis up by 1.5% on YoY basis.<\/li><li>Non-oil and non-gold imports expanded amid\nstrong demand.<\/li><li>Capital goods saw an increase in import in\nDecember, while production of same contracted in November on YoY basis.<\/li><li>PMI manufacturing contracted to 54 in January\nagainst 55.5 recorded in December.<\/li><li>PMI service also contacted 51.5 in January\nfrom 55.5 recorded a month ago.<\/li><li>Liquidity Adjustment Facility (LAF)\ncontracted in January to Rs7.6lak crore from Rs 8.6 lakh crore of LAF, during\nOctober-November 2021.<\/li><li>Reserve money expanded by 8.4% on 4th\nFebruary 2022 on a YoY basis<\/li><li>Money supply and Bank Credit increased by\n8.4% and 8.2%, respectively, on a YoY basis.<\/li><li>Indian Foreign exchange reserve touched the\nhighest level to $632billion.<\/li><\/ul>\n\n\n\n<p><strong>Outlook<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Inflation for 2021-22 is projected at 5.3%\nand Q4 at 5.7%.<\/li><li>CPI inflation for 2022-23 is projected at\n4.5% with Q1 at 4.9%, Q2 at 5% and Q3 at 4%, and Q4 at 4.2%.<\/li><li>GDP for 2022-23 at 7.8% with Q1 at 17.2%\nandQ2 at 7% andQ3 at 4.3% and Q4 at 4.5%.<\/li><\/ul>\n\n\n\n<p><strong>Markets\nhave taken the monetary policy with a positive note as nifty post Monetary\npolicy statement gained 169.35 points from last day&#8217;s close of 17463.80. <\/strong><\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 2,171<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"1210\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">2    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>On 10th February, the governor, Mr. Shaktikanta Das, of the apex bank of the country Reserve Bank of India, gave the monetary policy review of [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/the-monetary-policy-statement-key-policy-rates-kept-unchanged\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180,48,10],"tags":[],"class_list":["post-1210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-economy","category-featured"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=1210"}],"version-history":[{"count":1,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1210\/revisions"}],"predecessor-version":[{"id":1213,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1210\/revisions\/1213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1212"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}