Perspective: RBI Monetary Policy | 05 August, 2022

Sansad TV
In this episode of the Perspective Prog. Based on ‘RBI Monetary Policy’. Reserve Bank of India has once again raised the repo rate. Monetary Policy Committee on Friday took a unanimous decision to raise benchmark lending rate by 50 basis points to 5.40%. This is the third hike of policy repo rate by RBI this year after 40 basis points hike in May followed by another hike of 50 basis points in June. Pointing out that consumer price inflation or CPI remains uncomfortably high and is expected to remain above 6% RBI Governor Shaktikanta Das said MPC decided to focus on withdrawal of accommodative policy stance to check inflation. He also said domestic economic activity is showing signs of broadening and Bank credit growth has accelerated 14 pc as against 5.5 pc year ago. RBI has also retained its economic growth projection at 7.2 per cent for current fiscal.

1. Anand Singh Bhal, Former Principal Economic Advisor, Govt. of India
2. Deepshikha Sikarwar, Senior Editor, The Economic Times
3. Dr. Aruna Sharma, Member, Digitisation Committee, RBl

Anchor: Vishal Dahiya
Producer: Sagheer Ahmad

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