First Bi -monthly Monetary Policy Statement, 2017-18 as on April 6,2017
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First Bi -monthly Monetary Policy Statement, 2017-18 as on April 6,2017
(Source: RBI)
On the basis of an assessment of the current and evolving macroeconomic situation the Monetary Policy Committee (MPC) decided to,
keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per cent.
The reverse repo rate under the LAF is at 6.0 per cent, and the marginal standing facility (MSF) rate and the Bank Rate are at 6.50 per cent.
The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achievingthe medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 percent, while supporting growth.
