RBI MPC: How central bank's stance on GDP, inflation changed in 2022

The RBI MPC cut down the Gross Domestic Product (GDP) growth projection for FY23 from 7 per cent in the September announcement to 6.8 per cent

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday continued with the repo rate hike, raising it 35 basis points (bps) to 6.25 per cent. In 2022, the repo rate was raised 225 bps from 4 per cent in April to 6.25 per cent in December.

The central bank's MPC cut down the Gross Domestic Product (GDP) growth projection for FY23 from 7 per cent in the previous announcement to 6.8 per cent.

"Even after this revision in our growth projection for 2022-23, India will still be among the fastest growing major economies in the world," RBI