RBI June Monetary Policy: Repo rate to be hiked? All you need to know

The Reserve Bank of India (RBI) is set to announce its bi-monthly monetary policy on June 8, 2022, and is expected to hike the repo rate by 35 to 50 basis points.

The expectation is backed by the rising inflation levels and increasing rates by central banks across the globe. The CPI inflation hit a 40-year high at 7.79 percent in April 2022 as geopolitical issues continue to inflate commodity prices.

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In a bid to control the rising prices, the RBI in an off-cycle monetary policy in May hiked key lending rates by 40 basis points to 4.40 percent.

Overall, for 2022-23, the RBI is expected to raise repo rates by a total of 100 basis points.

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The live broadcast of the RBI's monetary policy would be on June 8 and can be watched on the Editorji app and website.