#ratehike

This isn't NB Powers' idea of a sick April Fool's joke

Brace yourselves; it's not an April Fool's joke, but it sure feels like one! On April 1st, we're getting slapped twice: first, with the outrageous carbon tax leaping another 23%, and then NB Power has the audacity to pile on with a whopping 13% rate hike. It’s like they’re all in cahoots—ensuring the rich get richer, feasting on the fruits of our labour, while regular folks get shafted, yet again, by an unyielding system that seems to take sadistic pleasure in draining every last penny from our pockets. Wake up, people, we’re being played!

Here's the E-Mail I received from NB Power

In a recent move by the Reserve Bank of India (RBI), the Monetary Policy Committee (MPC) has maintained the status quo on the policy repo rate, holding it steady at 6.5%. This decision comes after a comprehensive assessment of India’s current macroeconomic and financial scene.

Key Takeaways from the RBI Announcement:

The repo rate remains unchanged at 6.5%.

This marks the fourth consecutive time that the repo rate has been kept constant.

The RBI aims to ensure retail inflation stays within a 4% target.

Consistent Stance on Repo Rate

The MPC, headed by Governor Shaktikanta Das, has, for the fourth time, opted not to adjust the benchmark repo rate. Notably, this comes after an aggressive hike in the rate by 250 basis points spanning from May of the previous year to April 2023.

Recovery from the Twin Balance Sheet Crisis