RBI Keeps Repo Rate Unchanged At 4%; Maintains Accommodative Stance | Governor Shaktikanta Das

Описание: The Reserve Bank of India (RBI) om April 8 kept the key repo rate unchanged at 4% while maintaining the accommodative policy stance. Announcing the first bi-monthly monetary policy of financial year 2022-2023, RBI Governor Shaktikanta Das said that the Monetary Policy Committee (MPC) of the central bank unanimously voted to keep the policy rates unchanged. The MSF rate and Bank rate also remain unchanged at 4.25%. The RBI cut FY2022-23 real GDP growth projection to 7.2% from 7.8% earlier, with Q1FY22 growth estimated at 16.2%; Q2 at 6.2%; Q3 at 4.1 and Q4 at 4%, assuming crude oil prices at $100/bbl. RBI revised higher FY23 CPI projections to 5.7% from 4.5% earlier.
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