#CLIX TIKTOK TV#

#CLIX TIKTOK TV#

Recently in a TV interview, the governor said that the 'expectation of rate hike is a no-brainer, there will be some increase in the repo rates, but by how much I will not be able to tell now but to say that 5.15 may not be very accurate'. The wholesale price-based inflation has remained in double digits for 13 months and touched a record high of 15.08 per cent in April.

The retail inflation, which RBI factors in while arriving at its monetary policy, galloped for a seventh straight month to touch an 8-year high of 7.79 per cent in April, mainly on account of surging commodity prices, including fuel, due to the ongoing Russia-Ukraine war. The decision taken during the meeting will be announced by the governor on Wednesday. Governor Das-headed MPC will meet for three days beginning Monday. Experts are expecting more hikes in repo rate in the coming months. There are speculations that the central bank may go for at least 35 basis points (bps) hike over and above the 40 bps hike effected last month after an off-cycle Monetary Policy Committee (MPC) meeting.

With inflation showing no signs of abatement, the Reserve Bank is likely to increase the benchmark lending rate in quick succession in its forthcoming monetary policy review on Wednesday, a hint for which has already been given by Governor Shaktikanta Das, opined experts. Governor Das-headed MPC will meet for three days beginning Monday.Experts are expecting more hikes in repo rate in the coming months.There are speculations that the central bank may go for at least 35 basis points (bps) hike.

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