RBI's APRIL 2022 POLICY EXPECTATIONS-STATUS QUO ON KEY RATES TO SUPPORT GROWTH
- Credit Rating Agency in India
- RBI Monetary Policy
- RBI's APRIL 2022 POLICY EXPECTATIONS-STATUS QUO ON KEY RATES TO SUPPORT GROWTH
The RBI’s April Policy would be formulated against challenging global and domestic conditions. The global recovery has been jolted by the Russia Ukraine war because of surging energy prices, supply side disruptions and spiking inflation. This war has global ramifications. It needs no clairvoyance to realize that eventually there are no winners in a war.
Global growth and inflation are imperilled by surging commodity prices post Ukraine war, fragile real incomes, disrupted trade and energy lines. Muted European growth, scarce wheat, vegetable oils, some metals and electronic components and evolving Chinese Covid situation weaken global growth.