Highlights

Repo rate is expected to remain unchanged
Reverse repo rate could be increased to control the excess liquidity and inflation

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RBI Monetary Policy today: Here's what to expect - Good news for savers and borrowers

Name: RBI Monetary Policy today: Here's what to expect - Good news for savers and borrowers
Uploaded: 2022-02-09T11:17:03.000+05:30
Duration: T00M50S
Channel: Editorji News Desk
Description: RBI Monetary Policy: The central bank is largely expected to raise reverse repo rates anywhere between 15-25 bps while keeping key lending (repo rate) unchanged.

The central bank could hike the reverse repo rate by 15-25 basis points

Updated: Sep 02, 2022 10:53

Editorji News Desk

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RBI Monetary Policy today: Here's what to expect - Good news for savers and borrowers

The Reserve Bank of India is all set to announce its monetary policy today and this one is not going to a status quo meet. The central bank is largely expected to raise reverse repo rates anywhere between 15-25 bps while keeping key lending (repo rate) unchanged.

This would mark the first hike reverse repo rate since August 2018 and is already spelling good news for savers as savings rate on FDs have started to inch up in anticipation.

Also read/watch: RBI set to hike rates, don't worry this one is good for you

Borrowers can enjoy this golden period of low rates for a while as economists do not see a hike in the key lending rate to come in before the June policy. However, most do anticipate a shift in the stance of the RBI with inflation reigning high and growth on track.