RBI hikes policy repo rate by 40 bps to 4.40% under the Liquidity Adjustment Facility
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- Last Updated on 5 May, 2022
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Press Release Dated, 04.05.2022
The Monetary Policy Committee (MPC) of the RBI has announced the increase in the policy repo rate under the liquidity adjustment facility (LAF) to 4.40 per cent with an immediate effect. Earlier the prescribed repo rate was 4 percent. The standing deposit facility (SDF) rate stands adjusted to 4.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 4.65 per cent.
Further, the MPC also decided to remain accommodative while focusing on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 % within a band of +/- 2 %, while supporting growth.
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