RBI Monetary Policy Committee (MPC) outcome

 

Monetary Policy- RBI April 2022 

• RBI MPC maintains status quo on rates unanimously at 4%
• RBI MPC Committee Votes Unanimously For ACCOMMODATIVE stance, going to be less ACCOMMODATIVE ahead
• RBI MPC committee ups reverse repo rate by 40bps at 3.75% to ensure liquidity
• RBI to restore liquidity adjustment facility (LAF) corridor to 50 bps, as it was pre-Covid
• MSF Rate and Bank Rate remain unchanged at 4.25%
• Concerns over protracted supply disruptions have rattled commodity, financial markets
• Real GDP for FY23 revised at 7.2% from 7.8% earlier
• Inflation revised upwards at 5.7% for FY23 from 4.5%
• MPC will adopt nimble footed approach to adjust liquidity while maintaining ACCOMODATIVE stance