RBI may raise inflation forecast in June MPC meeting

The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) is expected to review the inflation scenario during its upcoming meeting in June 2022. The MPC will reportedly raise inflation projections and would also consider a rate hike to tame inflation. In April 2022, the apex bank had raised its inflation forecast for 2022-23 to 5.7 per cent, 120 bps above its forecast in February 2022.

References
1. https://www.business-standard.com/article/economy-policy/rbi-likely-to-up-inflation-projection-in-june-mull-more-rate-hikes-report-122051101354_1.html
2. https://www.financialexpress.com/economy/rbi-may-up-inflation-forecast-in-next-mpc-meeting-rate-hike-on-cards-sources/2521178/
3. https://economictimes.indiatimes.com/news/economy/policy/rbi-likely-to-raise-inflation-projection-in-june-meeting-consider-more-rate-hikes-source/articleshow/91497865.cms