Expectations will only get worse in the future! There are 5 important things people in the country need to know about the RBI Governor

RBI Governor Shaktikata Das said demand had improved. According to him, from January 2022 in OMO will be made efforts to reduce the leverage effect.

Expectations will only get worse in the future! There are 5 important things people in the country need to know about the RBI Governor

The Governor of the Central Bank of India, Shaktikata Das, introduced the Monetary Policy Committee (MPC) on Wednesday. Shaktikata Das announced the outcome of the meeting and announced that they would maintain interest rate stability. The repo rate was 4%, the reverse repo rate was 3.35%. The MPC maintained its compromised position.

For example, in March last year (2020), the RBI reduced the repo rate by 0.75% and in May - 0.40%. Following these reductions, the repo rate fell to at least 4 percent.

Five points from RBI President Shaktikanta Das:

1. Strong buffers properties to prevent inflation

He said the domestic industry is now threatened by a new corona virus, Omicron. But he believed our country was ready to tackle issues like COVID-19. He said he still has a weakness in controlling inflation.

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2. The country's development will continue as usual

The RBI kept its GDP growth forecast at 9.5%. It just means that the development of the country will continue at a normal pace. However, the median bank cut its GDP growth forecast in the third quarter of 2022 to 6.6% from 6.8%.

3. Digital payments could be more expensive in the future.

Shaktikanta Das said India's central bank will release information on digital payments. This makes it clear that you will need to pay extra in the form of future digital payments. He said RBI still plans to develop UPI-based telephony products.

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4. Efforts to reduce fluids

RBI Chairman Shaktikanta Das said consumers need to improve. He said he would try to cut revenue from January 2022 until the OMO. The governor said the implementation of the exchange program will be completed by January 2022.

5. More energy purchases thanks to lower taxes on gasoline and diesel

Demand is expected to increase further as federal and state governments reduce consumption and VAT on gasoline and diesel. Purchases have also increased as the government has decided. The RBI also acknowledged the drop in oil prices.

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