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.
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