Question
The Monetary Policy Committee (MPC) at its meeting in
December 7, 202 decided to increase the Bank Rate to how much Basis point/percent?Solution
The RBI Monetary Policy Committee (MPC ) has hiked the repo rate by 25 basis points . The Standing Deposit Facility and Marginal Standing Facility have also been increased by 25 bps. The MPC has raised the repo rate by a total of 250 basis points since May 2022.Â
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