New Delhi, February 08, 2023: RBI MPC today increased the repo rate by 25 bps to 6.50% and remained focused on the ‘withdrawal of the accommodation’ stance. The repo rate hike was on expected lines to tame inflation and support economic growth. While the global economic outlook is recovering slowly, inflation has been on the higher side across major economies including India. However, RBI anticipates a moderation in inflation in coming months and we expect RBI to pause the rate hike from the next policy review and have a gradual shift in stance to neutral.
Corporate Comm India (CCI Newswire)
