{"id":3839,"date":"2022-06-08T14:43:00","date_gmt":"2022-06-08T09:13:00","guid":{"rendered":"http:\/\/13.235.158.174\/hfc\/?p=3839"},"modified":"2024-05-08T14:44:42","modified_gmt":"2024-05-08T09:14:42","slug":"the-rbi-hikes-the-repo-rate-by-50bps-front-loaded-rate-hikes-to-continue-to-tame-inflationary-pressures","status":"publish","type":"post","link":"http:\/\/43.204.86.36\/hi\/the-rbi-hikes-the-repo-rate-by-50bps-front-loaded-rate-hikes-to-continue-to-tame-inflationary-pressures\/","title":{"rendered":"The RBI hikes the repo rate by 50bps: front-loaded rate hikes to continue to tame inflationary pressures"},"content":{"rendered":"<p>The RBI&#8217;s MPC hiked the policy repo rate by 50 bps to 4.9% in today&#8217;s meeting amidst the intensification of the inflationary pressures. The MPC also voted to &#8220;focus on withdrawal of accommodation&#8221;, dropping &#8220;to remain accommodative&#8221; from the policy stance. The RBI reiterated its approach of focusing on the gradual and calibrated removal of excess liquidity. It retained its FY23 growth projection at 7.2% but revised its FY23 inflation projection sharply upwards by 100bps to 6.7%, given the broadening of inflationary pressures. A sharp upward revision in the inflation projection and change in the stance suggests RBI&#8217;s hawkish leaning. Accordingly, we expect the RBI to continue with rate hikes in the upcoming meetings.<\/p>","protected":false},"excerpt":{"rendered":"<p>The RBI&#8217;s MPC hiked the policy repo rate by 50 bps to 4.9% in today&#8217;s meeting amidst the intensification of the inflationary pressures. The MPC also voted to &#8220;focus on withdrawal of accommodation&#8221;, dropping &#8220;to remain accommodative&#8221; from the policy stance. The RBI reiterated its approach of focusing on the gradual and calibrated removal of [&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":[32,6,1],"tags":[],"class_list":["post-3839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rbi-policy-reports","category-research-reports","category-uncategorized","rbi-policy-reports","research-reports","uncategorized"],"acf":[],"_links":{"self":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3839","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=3839"}],"version-history":[{"count":3,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3839\/revisions"}],"predecessor-version":[{"id":3845,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3839\/revisions\/3845"}],"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=3839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/categories?post=3839"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/tags?post=3839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}