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RBI Governor Shaktikanta Das Hikes Repo Rate By 25 Basis Points, GDP For FY23-24 Pegged At 6.4%
Posted
February 8, 2023
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143
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February 8, 2023
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15:00Now PlayingRBI governor Shaktikanta Das released the Monetary Policy statement, which raised the repo rate by 25 basis points. The central bank had increased the important benchmark interest rate by 35 basis points in its December monetary policy review (bps). The Reserve Bank has raised the short-term lending rate by 225 basis points since May of last year in an effort to keep inflation under control. The governor of the RBI stated that core inflation would remain sticky and that retail inflation is anticipated to average 5.6% in Q4. The projection for GDP growth in FY23 has been raised from 6.8% to 7%, while the RBI expects GDP growth to be 6.4% in 2023–2024. Watch the video to know more.
#breakingnews #shaktikantadas #reporate
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