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RBI Monetary Policy Meeting Commences: Here’s what analysts, experts expect

RBI MPC Monetary Policy Meeting Updates, August 4, 2022: It is widely expected that the Reserve Bank of India (RBI) will raise its benchmark lending rates for a third consecutive time to check the spike in retail inflation.

Reserve Bank of India | RBI Monetary Policy Meeting | RBI MPC Meeting | RBI Monetary PolicyReserve Bank of India (RBI) MPC Monetary Policy Meeting (MPC) Updates: Reserve Bank of India (RBI). (Image: Reuters/File)

RBI Monetary Policy Meeting: The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) began its three-day meeting on Wednesday. The MPC, which is headed by RBI Governor Shaktikanta Das, will announce its decision on the key lending rates on Friday, August 5.

It is widely expected that the central bank will raise its benchmark lending rates for a third consecutive time to check the spike in retail inflation. The retail inflation or Consumer Price Index (CPI) has been above the 6 per cent mark for six consecutive months till June and continues to remain a concern amid high crude prices.

So far the RBI has raised the repo rate twice – by 40 basis points (bps) in an off-cycle meeting in May and 50 bps in June. and market experts widely anticipate that RBI might hike its benchmark lending rate for the third consecutive time.

Here’s what various analysts and market experts expect from the MPC meeting:

 

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First published on: 03-08-2022 at 05:36:13 pm
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