379492-rbi-zeeRBI Monetary Policy: RBI has announced a new credit policy for the inflation-stricken public. Interest rates on home loans to deposits were likely to rise. But today the RBI surprised everyone by announcing the first credit policy for the financial year 2022-23.

RBI Governor Shaktikanta Das has said that geopolitical tensions are affecting many economies. These are challenging times for India as well. The monetary policy review meeting is being held from April 6 to April 8.

The Reserve Bank in its monetary policy review today did not change the policy rates and kept the repo rate unchanged at 4 per cent. Apart from this, the reverse repo rate has been kept unchanged at 3.35 percent. Apart from this, the cash reserve ratio has also been kept unchanged at 4 per cent. Let us tell you that this is the 11th consecutive monetary policy in which RBI has not made any change in the rates.

Inflation forecast – RBI
Governor Shaktikanta Das said in his address that there is a possibility of inflation in the country and the RBI’s favorable attitude towards policy rates remains intact. Monsoon is expected to be normal this year. Inflation is estimated at 5.7 per cent in the financial year 2022-23. Let us tell you that the monetary policy review meeting was held from April 6 to April 8 and decisions were taken based on the views of MPC members on several issues including the country’s GDP growth and inflation.

Retail inflation for April-June 2022 is estimated at 6.3 per cent. Apart from this, retail inflation is expected to be 5.3 percent in the July-September quarter, while the retail inflation is expected to be 5.3 percent in the October-December quarter.

gross domestic
Product Growth Forecast The real GDP growth forecast for FY2023 has been reduced from 7.8 per cent to 7.2 per cent and the GDP growth for the fourth quarter of FY2023 has been projected to be 4 per cent. RBI Governor Shaktikanta Das also said that there may be uncertainty in the stock market.

MPC meeting was held from April 6 to April 8
Let us tell you that the monetary policy review meeting was held from April 6 to April 8 and decisions were taken based on the views of MPC members on many issues including the country’s GDP growth and inflation rate. , ,

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