RBI MPC Meeting 2022: The meeting of the monetary policy committee of the central bank RBI is going on and its results will be announced tomorrow.
RBI MPC Meeting 2022: The meeting of the Monetary Policy Committee (MPC) of the central bank RBI (Reserve Bank of India) is going on and its results will be announced tomorrow i.e. on February 10. This is the first meeting after the presentation of the budget for this year 2022 and the next financial year 2022-23. In the MPC meeting, the RBI decides on the repo rate and reverse repo rate. Experts believe that there is pressure on the RBI to keep inflation under control and the economy recovering from the shocks of Corona also needs support. According to experts, RBI can change the rates this time. These rates have a big impact on the common man. If these rates increase then the loan can become costly.
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Policy rates may be strict
According to Vivek Rathi, Director-Research, Knight Frank India, the Indian economy has coped well with the shocks of the Corona epidemic and it is one of the fastest growing economies in the world. However, due to the third wave and the Omicron variant, there are still problems in front of the economy. According to Rathi, the central bank will keep an eye on the RBI consumer inflation lane, which is at an upper level. According to Rathi, there is a possibility of tightening of RBI policies due to rising prices of expensive crude oil and commodity prices, but RBI may keep key policy rates unchanged for some time before the end of the third wave.
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There may be an increase in the reverse repo rate first
According to Umesh Revankar, MD and Vice Chairman, Shriram Transport Finance, the economy recovering from the aftershocks of the Corona epidemic is showing growth, but it is uneven and due to reasons like costly crude oil, supply chain problems and rising costs. Is. Due to the Corona epidemic, uncertainty remains and growth is not visible in all sectors of the economy, there is a possibility of rising inflation and central banks are tightening monetary policies at the global level, so Revankar believes That RBI RBI can first increase the reverse repo rate and after that the repo rate may increase in the second half of 2022 this year. On the other hand, the Corona epidemic has badly affected MSMEs and self-employed people who are mostly given loans by NBFCs, so Revankar believes that RBI can announce some additional credit and policy support.
Rates are stable for nine consecutive times
RBI has not changed the repo rate for nine consecutive times. Earlier in the year 2020, the central bank cut 0.75 per cent (75 bps) in March and 0.40 per cent (40 bps) in May and since then the repo rate has slipped to a historic low of 4 per cent. Since then RBI has not made any changes in the rates.
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