Central Reserve Bank (RBI) Governor Shaktikanta Das will make a statement sometime from now. However, no information has been given on what issue Shaktikanta Das will talk about. It is expected that the RBI governor may issue a statement on matters related to inflation and repo rate.
RBI has not changed the key policy rate repo for the 11th consecutive time in the first monetary review meeting of the current financial year. RBI has kept it at a low of 4 per cent. Keeping the policy rate unchanged means that there will be no change in the monthly installment of the bank loan.
Watch out for the statement by the RBI Governor @DasShaktikanta at 02:00 pm on May 04, 2022
YouTube: https://t.co/DTAhQZ52jH
Live streaming also available on @RBI on Twitter and @reservebankofindia on Instagram#rbitoday #rbigovernor
— RBI Says (@RBIsays) May 4, 2022
Let us tell you that inflation is a big challenge, which remains at the upper level of 6%. India’s retail inflation hit a 17-month high in March, official data shows.
Economists predict that the Reserve Bank may increase the repo rate in the monetary policy meeting of June. RBI may hike rates by 25 basis points to contain inflation.