Press release-Monetary Policy Statement, 2022-23 September 28-30, 2022 Resolution of the Monetary Policy Committee (MPC) (dated-30.09.2022)-RBI.
View PdfPress release-Monetary Policy Statement, 2022-23 September 28-30, 2022 Resolution of the Monetary Policy Committee (MPC) (dated-30.09.2022)-RBI.
- On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (September 30, 2022) decided to:
- Increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.90 per cent with immediate effect.
- Consequently, the standing deposit facility (SDF) rate stands adjusted to 5.65 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.15 per cent.
- The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth, refer attachment for further details.
