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RBI monetary policy | RBI | Bank Rate
BS Web Team |
Last Updated at February 10, 2022 14:02 IST
EVENT HIGHLIGHTS
RBI Monetary policy LIVE: Reserve Bank of India’s bi-monthly Monetary Policy Committee (MPC) voted unanimously to keep both repo rates and reverse repo rates unchanged, RBI Governor Shaktikanta Das announced Thursday. RBI said it maintains an accommodative stance and will continue with it as long as necessary for a “durable and broad-based recovery” citing concerns over inflation and new Covid-19 omicron variant. The Repo rate has been left unchanged at 4% while the reverse repo rate is 3.35% “Overall taking into consideration the outlook for inflation and growth, in particular the comfort provided by improving inflation outlook, the uncertainties related to omicron and global spillovers, the MPC was of the view that continued policy support is warranted for a durable and broad-based recovery,” governor Das said.
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