RBI New Policy: What Is RBI Monetary Policy

The meeting of the Monetary Policy Committee of the Reserve Bank of India began on 6 April.

This is the 11th time that the central bank has not made any change in the interest rates. Earlier, the Reserve Bank last changed the repo rate on 22 May 2020.

No change in reverse repo rate According to RBI Governor Shaktikanta Das, there has been no increase in the reverse repo rate either.

It has also become 3.35%. Marginal Standing Facility Rate (MSFR) and Bank Rate will be 4.25 percent. The stance of the policy has been kept 'accomodative'. In the future, we will change the accomodative attitude.

RBI Governor Shaktikanta Das said – The conservative stance on rates remains intact. No change has been made in the interest rates with the consent of all the members.

What Is RBI Monetary Policy

support the economy now The governor said that the economy still needs support. In such a situation, the members of the Monetary Policy Committee have together decided to maintain the important policy rate.

Big things of RBI Governor FY23 GDP growth forecast down from 7.8% to 7.2% GDP growth forecast down from 7% to 6.2% in Q2 of FY23 GDP growth forecast down from 4.3% in Q3 of FY23 to 4.1% GDP growth forecast in Q4 of FY23 down from 4.5% to 4%

Inflation expected to be 5.7% in FY23 Inflation forecast raised from 4.5% to 5.7% GDP growth forecast based on $100/barrel Will gradually take out liquidity from the market Monetary policy framework will be strengthened by SDF

Currency market will open from April 18 at 9 am Will release paper on sustainable finance, climate risk Formation of panel for service study of customers in all regulated companies Work continues on the proposal of withdrawing money without card in ATM Cyber security guidelines will be issued for payment service operators