RBI hikes at unscheduled monetary policy meeting

reserve-bank-of-india

The Reserve Bank of India hiked its policy rate at an unscheduled meeting today (May 4), joining a growing movement of central banks that are implementing tighter policy.

Governor Shaktikanta Das said the additional meeting reflected the central bank’s concern that “second-round effects” could begin to set in. High commodity prices are feeding a rise in inflation expectations worldwide, and the RBI hopes that hikes will prevent expectations becoming unmoored.

Today’s 40 basis point hike brings

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: