RBI Monetory Policy announced on 8th April 2022 | Quote by Mr. HP Singh, Chairman & Managing Director, Satin Creditcare Network Limited

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 Mr. HP Singh, Chairman & Managing Director, Satin Creditcare Network Ltd.,

Mumbai, 8th April 2022 (GNI): On the announcement of RBI Policy today, Mr. HP Singh, Chairman & Managing Director, Satin Creditcare Network Limited, quoted that The Reserve Bank of India’s Monetary Policy Committee (MPC) was again faced with the quandary of the ‘growth-inflation trade-off’. Commodities prices in the domestic market have increased manifold because of disruptions in the global supply chain amid the Russia-Ukraine conflict and the economic growth has already taken a toll since the pandemic started. Though it is not surprising that rates have been left unchanged, a 25-basis point (bps) hike seemed likely in the face of rising inflation numbers. We feel it is a matter of time the central bank hikes key lending rates. With the central bank maintaining status quo yet again on key policy rates, borrowers will continue to pay low rates on their loans”, stated in the press release.end