RBI hikes Repo rate by 25 bps to 6.5%| UPSC Economy

‪@EKonomica‬ rbi monetary policy 2023 Monetary policy money policy committee Monetary Policy Statement, 2022-2023 Inflation, remains a major risk to the outlook Domestic economic activity is expected to remain resilient aided by the sustained focus on capital and infrastructure spending in the Union Budget 2023-24, The MPC is of the view that further calibrated monetary policy action is warranted to keep inflation expectations anchored, break core inflation persistence and thereby strengthen medium-term growth prospects. Accordingly, the MPC decided to increase the policy repo rate by 25 basis points to 6.50 per cent.