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Repo rate hike to liquidity surplus, here're the key parameters of RBI MPC

The MPC is faced with the grim prospect of missing its inflation mandate - which is to maintain average inflation between 2-6% for three consecutive quarters

Topics
RBI monetary policy | Reserve Bank of India | RBI Governor

Manojit Saha 


A 40 bps repo rate hike, along with 50 bps hike in CRR, comes after CPI inflation in March shot up close to 7%.

As per RBI's own estimate, inflation may remain elevated in the coming months and there are risks that inflation overshoots MPC's projection. The MPC is faced with the grim prospect of missing its inflation mandate - which is to maintain average inflation between 2-6% for three consecutive quarters.

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First Published: Thu, May 05 2022. 01:37 IST

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