RBI Repo Rate: Why did the central bank hit the common man again, be ready to pay more interest..

RBI Repo Rate: Central Bank is thinking of giving a shock to the common man once again..

RBI Repo Rate: Why did the central bank hit the common man again, be ready to pay more interest..

Inflation is knocking again

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New Delhi : reserve Bank of India (RBI) It has washed its hands behind inflation. Inflation does not leave the back of the common man. inflation (inflation) Repo rate to come back under control on Monday (repo rate) There is a possibility of increase. In such a situation, there is a possibility of burden on the pocket of common citizens again. Credit Policy Committee of RBI (MPC) The meeting is starting from 5th December. The meeting will last for two days.

RBI is trying hard to control inflation. For this, the repo rate is being increased repeatedly. Now there is a possibility of increase in the repo rate. RBI may announce increase in repo rate on 7th December. This will shock the common people.

Repo rate has been increasing continuously since May. RBI has increased the repo rate by 190 basis points since May. Till now the repo rate has come down to 5.90%. To control inflation, RBI increases the repo rate.

According to economists, there will be an increase of 35 bps in the repo rate in the month of December. The rate will again increase by 25 bps in the month of February. That’s why the repo rate can go up to 6.50%. RBI’s policy has resulted in an increase of 2 per cent in interest rates so far.

Madan Sabnavis, Chief Economist, Bank of Baroda predicted that the Monetary Policy Committee will hike the repo rate again. The increase will be in the range of 0.25 to 0.35 per cent. That’s why he has predicted the repo rate to reach 6.5 percent in this financial year. The repo rate is expected to increase again in the month of February.

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