<h1>MPC Raises Policy Repo Rate by 50 Basis Points to 5.40% Amid Inflation Concerns, Growth Projected at 7.2.</h1> The Monetary Policy Committee (MPC) decided to increase the policy repo rate by 50 basis points to 5.40% to address inflation and support growth. The standing deposit facility rate is adjusted to 5.15%, and the marginal standing facility and Bank Rate to 5.65%. Despite global economic challenges, domestic economic activity remains resilient with strong urban demand and robust exports. Inflation eased slightly but remains above target, prompting further monetary policy action. The MPC aims to maintain inflation within the 4% target, with a GDP growth projection of 7.2% for 2022-23. The next MPC meeting is scheduled for September 28-30, 2022.