{"id":3781,"date":"2022-09-30T13:05:09","date_gmt":"2022-09-30T07:35:09","guid":{"rendered":"http:\/\/13.235.158.174\/hfc\/?p=3781"},"modified":"2024-05-08T13:08:02","modified_gmt":"2024-05-08T07:38:02","slug":"the-rbi-hikes-the-repo-rate-by-50-bps-unchanged-policy-stance-indicates-further-policy-tightening-ahead","status":"publish","type":"post","link":"http:\/\/43.204.86.36\/hi\/the-rbi-hikes-the-repo-rate-by-50-bps-unchanged-policy-stance-indicates-further-policy-tightening-ahead\/","title":{"rendered":"The RBI hikes the repo rate by 50 bps; unchanged policy stance indicates further policy tightening ahead"},"content":{"rendered":"<p>The RBI raised the repo rate by 50 bps to 5.9%, continuing with the front-loading of rate hikes to contain inflationary pressures. The central bank kept its FY23 inflation projection unchanged at 6.7% YoY and cut the economic growth forecast by 20bps to 7% YoY. With the domestic economic growth holding up despite the global headwinds and persistently high inflation reflected in the unchanged inflation projection, the MPC maintained its policy stance of &#8220;focused on withdrawal of accommodation&#8221;, indicating further policy tightening ahead. This coupled with aggressive policy tightening by major central banks; we now see the terminal repo rate at 6.5% compared to 6.0% previously in the current tightening cycle.<\/p>","protected":false},"excerpt":{"rendered":"<p>The RBI raised the repo rate by 50 bps to 5.9%, continuing with the front-loading of rate hikes to contain inflationary pressures. The central bank kept its FY23 inflation projection unchanged at 6.7% YoY and cut the economic growth forecast by 20bps to 7% YoY. With the domestic economic growth holding up despite the global [&hellip;]<\/p>","protected":false},"author":1,"featured_media":3707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32,6],"tags":[],"class_list":["post-3781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rbi-policy-reports","category-research-reports","rbi-policy-reports","research-reports"],"acf":[],"_links":{"self":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/comments?post=3781"}],"version-history":[{"count":2,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3781\/revisions"}],"predecessor-version":[{"id":3785,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3781\/revisions\/3785"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media\/3707"}],"wp:attachment":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media?parent=3781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/categories?post=3781"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/tags?post=3781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}