Business EconomPosted at: Apr 7 2021 11:31AM
Announcing the bi-monthly policy today the RBI governor, Shaktikanta Das said, the stance of the monetary policy will remain accommodative till the prospects of economic recovery are not sustained.
Global economy is showing some recovery but the path remains uncertain, said the RBI governor.
Monetary policy in the next five years to aim at building and consolidating gains of flexible inflation-targeting regime, the RBI Governor said.
The projection for CPI-based inflation has been revised to 5.2% in Q1 and Q2 of FY22, 5.3% in Q3 and 5.1% in Q4.
The projection for real GDP growth in Q1FY22 at 22.6%, Q2 at 8.3%, Q3 at 5.4%, Q4 at 6.2%, says RBI guv Shaktikanta Das.
On February 5, the MPC had kept lending rates unchanged, and maintained its "accommodative" policy stance.
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