00:01reserve bank of india
00:03monetary policy
00:04and RBI monetary policy
00:06once again
00:07the people of the country
00:08have been able to
00:09keep the repo rate
00:10unchanged
00:11and the repo rate
00:13has not increased
00:13so that you have to
00:14have no effect
00:14in our EMI
00:15and it is not going to be
00:16greater than that
00:19as well as the repo rate
00:20and the status
00:21of the government
00:23has also kept the stance
00:25of neutral
00:25as well as the repo rate
00:28is 5.25% and that's why it's not going to be a result.
00:35It's going to be a result of interest rate and it's going to be a stance neutral.
00:39And also, there is one thing about inflation numbers according to RBI Governor,
00:44the target level is below.
00:46Inflation numbers, the RBI project is 3.48% and the target level is 4%.
00:53If you look at inflation and if you look at inflation,
00:56if you look at inflation, if you look at inflation,
00:57then there is no big change or tension between RBI Governor.
01:04However, the GDP projection is reduced.
01:09It's 6.6% and the RBI Governor's statement is due to supply shop
01:14and the middle east tension.
01:16The GDP growth rate has adverse effects.
01:21If you look at the economic level,
01:24if you look at the economic level,
01:26then we will tell you all the pointers about what RBI is in the monetary policy.
01:31First of all, the repo rate.
01:32Repo rate is 5.25% and it's going to be 5.25%.
01:35It's just a fact that EMI is not going to hurt you or not going to hurt you.
01:39It's one way,
01:40in this crisis situation and geopolitical situation,
01:43we have a great news.
01:45We have a great news for everyone.
01:47We have a great news for the supply shock.
01:48The RBI Governor is a big advance.
01:49The energy prices are big.
01:52The supply shock is a big advance.
01:54The supply shock is a middle east tension.
01:56The crude oil prices are increasing.
01:58The energy prices are increasing.
02:00The impact is in this crisis.
02:30In this backdrop,
02:32the Monetary Policy Committee,
02:33met on the 3rd, 4th and 5th of this month
02:37to deliberate and decide on the policy repo rate.
02:43After a detailed assessment of the evolving macroeconomic
02:48and financial developments and the outlook,
02:51the MPC voted unanimously to keep the policy repo rate
02:56under the LAF unchanged at 5.25%.
03:01Consequently, the STF rate remains at 5%
03:05and the MSF rate and the bank rate at 5.5%.
03:10The MPC, although firming up marginally from 3.2% in February,
03:17headline CPI inflation was below the target
03:20during both March and April this year.
03:23In fact, 3.4% and 3.5% respectively.
03:28While food inflation edged up,
03:30fuel inflation remained muted as retail prices of petrol and diesel
03:36were unchanged in March and April.
03:39Core inflation remained stable at 3.7% during March and April.
03:46Excluding precious metals,
03:49core inflation was much lower at about 2.1% to 2.2% during this same period.
03:55International crude oil prices, the Indian basket,
04:02have averaged around 110 US dollars per barrel during the last two months.
04:10And indications are that the average oil prices for this year would be substantially higher
04:17than what were assumed during the last policy.
04:20You may recall that in the last policy we had assumed crude oil prices to average for this year at
04:2985 dollars per barrel.
04:35Higher energy prices and an increase in several input prices also led to a sharp spike in WPI inflation in
04:45April.
04:45It was more than 8%.
04:47Turning to the inflation outlook,
04:49the partial pass through of high global crude oil prices to domestic pump prices of petrol and diesel started in
04:58May.
04:58Prices of several inputs such as commercial LPG,
05:03industrial raw materials,
05:05chemicals,
05:06base metals,
05:07rubber,
05:07and plastic products among others have increased.
05:12These would exert upward pressure on CPI inflation in the coming months as firms pass on these higher input costs.
05:24Considering all these factors,
05:27CPI inflation for this year now is projected to be at 5.1%.
05:33About 50 basis points more than earlier projected.
05:36With Q1 at 4.2%,
05:38Q2 at 5.1%,
05:41Q3 at 5.9%,
05:43and Q4 at 5.4%.
05:46Core inflation is projected at 4.7% for this year.
05:55With Q1 at 6.5%,
05:57For everyoneGetting Humor private health and many more products,
05:57Could you find from this?
05:57or do you want to make a brand new product?
05:57We can expect faster work and do then mistakes
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