RBI Monetary Policy 2022: RBI MPC, Key points, changes, Repo Rate history

RBI surges repo rate by 50 bps to 5.4%; 10-year-old bond yields up by 10 bps to 7.25%. Here are all the key points and changes in RBI MPC in August 2022 you need to know

The Reserve Bank of India announced renewed rate hikes in the August 2022 Monetary Policy committee review. The repo rate was hiked by 50 bps to 5.40 per cent. The RBI Governor Shaktikanta Das stated that inflation is a primary concern, and stressed that in the near term will be observing a 4 per cent inflation.

Shantikanta stressed that the rupee's performance was much better than other emerging market economy currencies. Post the announcement, yields on 10-year-old government bonds also increased. Professor Jayanth Verma, the MOC member, disagreed with the committee’s policy. 

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