{"id":1596,"date":"2022-06-08T08:06:17","date_gmt":"2022-06-08T08:06:17","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1596"},"modified":"2022-07-13T05:25:50","modified_gmt":"2022-07-13T05:25:50","slug":"rbi-raises-key-policy-rates-in-its-bi-monthly-policy-statement","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/rbi-raises-key-policy-rates-in-its-bi-monthly-policy-statement\/","title":{"rendered":"RBI raises key policy rates in its Bi-Monthly Policy statement"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>RBI governor Shaktikanta Das announced the second bi-monthly monetary policy for FY2023. In this monetary policy, the liquidity has been tightened to keep latch on the inflation and to keep it under the band of 4%.<\/p>\n\n\n\n<p>Key\nPoints of Monetary Policy Committee:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The\npolicy repo rate under the liquidity adjustment facility (LAF) increased by 50\nbasis points to 4.90%.<\/li><li>The\nStanding Facility deposit rate stands at 4.65%<\/li><li>Bank\nrate at 5.15%<\/li><li>Reverse\nRepo Rate at 3.35%<\/li><\/ul>\n\n\n\n<p>Factors\nthat assisted MPC to increase the key rates are as follows:-<\/p>\n\n\n\n<p><strong>GLOBAL ECONOMY<\/strong><\/p>\n\n\n\n<p>The global\neconomy continued to grapple with multi-decadal high inflation and slowing\ngrowth, persisting geopolitical tensions and sanctions, and elevated prices of\ncrude oil and other commodities.<\/p>\n\n\n\n<p><strong>DOMESTIC\nECONOMY<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In Q4:2021-22, real GDP growth decelerated to\n4.1% from 5.4 %in Q3, dragged down mainly by weakness in private consumption on\nthe back of the Omicron wave.<\/li><li>Urban demand is recovering and rural demand is\ngradually improving.<\/li><li>Money supply (M3) and bank credit from\ncommercial banks rose (y-o-y) by 8.8% and 12.1%, respectively, as of May 20,\n2022.<\/li><li>CPI headline inflation rose further from 7.0% in\nMarch 2022 to 7.8% in April 2022.<\/li><\/ul>\n\n\n\n<p><strong>PROJECTIONS BY MPC<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Inflation is now projected at 6.7% in 2022-23,\nwith Q1 at 7.5%; Q2 at 7.4%; Q3 at 6.2%; and Q4 at 5.8%.<\/li><li>The real GDP growth projection for 2022-23 is retained\nat 7.2%, 3 with Q1 at 16.2%; Q2 at 6.2%; Q3 at 4.1%; and Q4 at 4.0%.<\/li><\/ul>\n\n\n\n<p>The monetary policy didn\u2019t have much impact on the market\nas the Nifty continued to trade in a sideways manner and red zone for the second\nconsecutive day. Nifty is currently trading at 16435.45 merely up by 19 points\nfrom last day\u2019s close of 16416.35.<\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 11,103<\/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=\"1596\" 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\">15    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>RBI governor Shaktikanta Das announced the second bi-monthly monetary policy for FY2023. In this monetary policy, the liquidity has been tightened to keep latch on [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/rbi-raises-key-policy-rates-in-its-bi-monthly-policy-statement\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1598,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180,48,10],"tags":[94,195,207],"class_list":["post-1596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-economy","category-featured","tag-stock-market","tag-monetarypolicy","tag-rbi"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1596","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=1596"}],"version-history":[{"count":6,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1596\/revisions"}],"predecessor-version":[{"id":1606,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1596\/revisions\/1606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1598"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}