RBI projects retail inflation at 5.3% for the next fiscal year

Rate this post

The Reserve Bank of India (RBI) has projected retail inflation of 6.5% for the 2022-23 fiscal year and 5.3% for the next fiscal year, Governor Shaktikanta Das announced during the monetary policy statement. announced on Wednesday, February 8, 2023.

It has also increased the repo rate by 25 bps. In its December monetary policy review, the central bank raised the key benchmark interest rate by 35 basis points (bps).

“The FY23 Gross Domestic Product (GDP) growth estimate increased from 6.8% to 7%. RBI projects GDP growth of 6.4% for 2023-24,” the governor said.

Leave a Comment