View on RBI Monetary Policy June 2022 By Shanti Ekambaram, Kotak Mahindra Bank
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Below is View on Monetary Policy June 2022 By Shanti Ekambaram, Group President- Consumer Banking, Kotak Mahindra Bank
In line with market expectations the MPC decided to increase repo rate by 50bps and also sharply increased inflation expectation to 6.7%. Further they continued to emphasize on withdrawal of accommodation on the liquidity side and retained the growth target @7.2% . Given the geo political tension, high commodity prices including oil we expect MPC to continue to hike rates in the subsequent policies in this fiscal to manage inflationary expectations
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