@article {article457, title = {Monetary policy is starting to bite}, author = {Ranjit K Pattnaik}, journal = {Foundation of The Billion Press}, date = 2022-12-13, year = 2022, url = https://www.thebillionpress.org/columns/economy/monetary-policy-starting-bite-457, Abstract = {During the period May - December 2022, the Monetary Policy Committee (MPC) has increased the policy repo rate (PRR) under the liquidity adjustment facility (LAF) cumulatively by 225 basis points to take the PRR to 6.25 per cent. } }