RBI News: RBI Governor Shaktikanta Das will issue a statement at 2 pm. In view of rising inflation, it is believed that RBI governor can make some big announcement regarding interest rates. Speculations are also being made by the RBI governor to increase the repo rate.
Rising inflation became a cause for concern
In fact, due to expensive food items and expensive commodities and fuel, the retail inflation rate has been 6.95 percent in the month of March. Which is more than the RBI’s tolerance limit of 6 percent. Announcing the first bi-monthly credit policy review for 2022-23 in April, the RBI governor himself had said that the central bank’s priority would now be to check inflation. By tweeting from the official Twitter handle of RBI, it has been informed that RBI Governor will give a statement at 2 pm.
Watch out for the statement by the RBI Governor @DasShaktikanta at 2:00 pm on May 04, 2022
— ReserveBankOfIndia (@RBI) May 4, 2022
Will the loan be expensive?
In fact, in June, the RBI will announce the second bi-monthly loan policy of this year, in which it was believed that the RBI may announce an increase in the repo rate by 25 basis points. But it is believed that the RBI governor can announce to increase the interest rates at 2 o’clock today. The possibility of increasing interest rates has also increased because many banks have started increasing interest rates on deposits from loans to deposits. Recently, housing finance company HDFC has made home loans expensive.
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