RBI Monetary Policy - 8th June 2022
Wednesday, June 08 2022
Monetary Policy Announcement on 8 June 2022:
The Monetary Policy Committee (MPC) at its meeting (8 June 2022) decided to:
- Increase the policy repo rate by 50 basis points to 4.90 per cent from 4.40 per cent.
- The standing deposit facility (SDF) rate stands adjusted to 4.65 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 5.15 per cent.[SDF=Repo-25 bps; MSF=Repo+25 bps]
The MPC decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
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