{"id":3848,"date":"2022-05-04T14:46:00","date_gmt":"2022-05-04T09:16:00","guid":{"rendered":"http:\/\/13.235.158.174\/hfc\/?p=3848"},"modified":"2024-05-08T14:48:05","modified_gmt":"2024-05-08T09:18:05","slug":"the-rbi-hikes-policy-rate-in-an-off-cycle-policy-meeting","status":"publish","type":"post","link":"http:\/\/43.204.86.36\/hi\/the-rbi-hikes-policy-rate-in-an-off-cycle-policy-meeting\/","title":{"rendered":"The RBI hikes policy rate in an off-cycle policy meeting"},"content":{"rendered":"<p>The RBI surprised the markets with an unscheduled policy meeting today as it announced a repo rate hike of 40 bps to 4.4% in the backdrop of rising inflationary pressures. Today&#8217;s policy statement was hawkish, indicating the RBI&#8217;s focus on containing upside risks to inflation and the second-round impact of supply-side shocks on the economy to keep inflation expectations anchored. It also announced an increase in CRR of 50 bps to withdraw the surplus liquidity which stood over Rs 7 lakh crore in April. However, the RBI decided to keep the policy stance unchanged as accommodative while focusing on withdrawal of accommodation even as it started on a rate hike path. Going ahead, we expect the RBI to hike the policy rate in the June meeting by 25-40bps.<\/p>","protected":false},"excerpt":{"rendered":"<p>The RBI surprised the markets with an unscheduled policy meeting today as it announced a repo rate hike of 40 bps to 4.4% in the backdrop of rising inflationary pressures. Today&#8217;s policy statement was hawkish, indicating the RBI&#8217;s focus on containing upside risks to inflation and the second-round impact of supply-side shocks on the economy [&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-3848","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\/3848","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=3848"}],"version-history":[{"count":3,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3848\/revisions"}],"predecessor-version":[{"id":3856,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3848\/revisions\/3856"}],"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=3848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/categories?post=3848"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/tags?post=3848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}