HomeEconomy NewsRBI MPC Meeting June 2022 Highlights: Governor Shaktikanta Das says future course will depend on evolving inflation-growth dynamics

RBI MPC Meeting June 2022 Highlights: Governor Shaktikanta Das says future course will depend on evolving inflation-growth dynamics

RBI MPC Meeting June 2022 LIVE: RBI Governor Shaktikanta Das will shortly reveal what's in store for the economy at the end of the Monetary Policy Committee's bi-monthly deliberations. The MPC is widely expected to announce a hike in the repo rate — the key rate at which the RBI lenders money to commercial banks — in today's statement. This is the first policy review since the RBI's surprise announcement of a 40 basis-point hike in the key rate on May 4. It comes at a time when major central banks around the globe are facing the Herculean task of taming decades-high inflation without causing an economic slowdown. 

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By CNBCTV18.com June 8, 2022, 3:23:19 PM IST (Updated)

RBI MPC Meeting June 2022 Highlights: Governor Shaktikanta Das says future course will depend on evolving inflation-growth dynamics
RBI MPC Meeting June 2022 LIVE: Governor Shaktikanta Das today announced that the central bank has raised key rates by by 50 bps to 4.90 percent. Consequently, the standing deposit facility (SDF) rate stands adjusted to 4.65 percent and the marginal standing facility (MSF) rate and the bank rate to 5.15 percent. The Monetary Policy Committee (MPC) also voted unanimously to remain focused on the withdrawal of accommodation to ensure that inflation remains within range going forward, while supporting growth. Chief economic advisor V Anantha Nageswaran said in an event today that India faces immediate challenges on the growth, inflation and fiscal fronts but its medium-term fundamentals remain solid.


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