rbi mpc meet: Will interest rate rise again? Important decision to be taken by the Reserve Bank! – experts say rbi unlikely to hike interest rates in june 2022 monetary policy meet

Inflation has been rising sharply over the past few months. The Reserve Bank of India raised interest rates last May after a long hiatus to tackle the crisis of inflation. The RBI governor said further interest rates could be raised.

In this context, the Reserve Bank policy meeting will be held from June 6 to 8. The results of the policy meeting will be released on June 8. The expectation was that interest rates would rise in June as well.

But experts say the chances of the Reserve Bank raising interest rates in the coming policy meeting are slim. Experts expect interest rates to rise only slightly, even if they decide to do so.

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What is the reason for not raising interest? Petrol and diesel prices were the main reason for the sharp rise in inflation. Therefore, the central government has reduced excise duty on petrol and diesel to curb inflation.

In addition, the central government has taken steps to reduce import duty on cooking oil and ban wheat exports. This is expected to reduce inflation. Therefore, experts say the chances of the Reserve Bank raising interest rates are slim.