In 6th Bi-monthly Monetary policy statement, RBI keeps repo rate unchanged at 6%
In the 6th Bi-monthly Monetary policy statement for 2017-18, the Reserve Bank of India (RBI) has kept the key interest rate “repo rate” unchanged at 6% and reverse repo at 5.75%. Also, the Marginal Standing Facility (MSF) rate and the Bank Rate kept at 6.25%. The decision of the Monetary Policy Committee (MPC) is consistent with the neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth.
Wholesale Price Index, WPI of April 2021
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What is Commodity Super Cycle?
The prices of commodities from corn to crude oil to rubber, rhodium, copper, soy bean has been incre...
T Rabi Sankar named RBI deputy governor
The Government of India recently appointed T Rabi Shankar as the fourth Deputy Governor. ContentsAbo...
RBI’s State of the Economy Report – Update (April, 2021)
The Reserve Bank of India recently released the State of Economy Report for the month of April 2021....
Russia’s central bank increases interest rates
The Central Bank of Russia has increased the interest rate from 4.5% to 5%. ContentsWhy did the Bank...
Topics: Bank of England • Bank rate • Economy • Finance • Inflation • Inflation in the United Kingdom • Interest Rates • Monetary Policy • Money • Official bank rate • Repurchase agreement • Reserve Bank of India
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