{"id":3821,"date":"2022-08-05T14:35:00","date_gmt":"2022-08-05T09:05:00","guid":{"rendered":"http:\/\/13.235.158.174\/hfc\/?p=3821"},"modified":"2024-05-08T14:36:08","modified_gmt":"2024-05-08T09:06:08","slug":"the-rbi-takes-the-policy-repo-rate-above-the-pre-pandemic-level-with-a-second-successive-50-bps-rate-hike","status":"publish","type":"post","link":"http:\/\/43.204.86.36\/hi\/the-rbi-takes-the-policy-repo-rate-above-the-pre-pandemic-level-with-a-second-successive-50-bps-rate-hike\/","title":{"rendered":"The RBI takes the policy repo rate above the pre-pandemic level with a second successive 50 bps rate hike"},"content":{"rendered":"<p>The RBI raised its policy repo rate by 50 bps to 5.4% amid continued elevated inflationary pressures and resilient economic recovery. Pressures on the Indian Rupee have also likely influenced the central bank&#8217;s policy decision. The RBI maintained its stance of &#8220;focus on withdrawal of accommodation&#8221; despite the recent moderation in liquidity conditions. The RBI also retained its FY23 inflation and real GDP growth projections at 6.7% and 7.2%, respectively. Given persisting inflationary pressures, we continue to believe that the terminal rate in the current hiking cycle will be around 6%. With inflation seen to be softening to 5% by Q1 FY24 (by the RBI), real interest rates could turn positive by the start of the next financial year.<\/p>","protected":false},"excerpt":{"rendered":"<p>The RBI raised its policy repo rate by 50 bps to 5.4% amid continued elevated inflationary pressures and resilient economic recovery. Pressures on the Indian Rupee have also likely influenced the central bank&#8217;s policy decision. The RBI maintained its stance of &#8220;focus on withdrawal of accommodation&#8221; despite the recent moderation in liquidity conditions. The RBI [&hellip;]<\/p>","protected":false},"author":1,"featured_media":3684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32,6],"tags":[],"class_list":["post-3821","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\/3821","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=3821"}],"version-history":[{"count":2,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3821\/revisions"}],"predecessor-version":[{"id":3828,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3821\/revisions\/3828"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media\/3684"}],"wp:attachment":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media?parent=3821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/categories?post=3821"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/tags?post=3821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}