Growth Stimulating: RBI's MPC Retains Rates, Accommodative Stance
IANS 08 October 2021
The Reserve Bank of India (RBI) retained its key short-term lending rates during the October monetary policy review of FY21-22.
 
Besides, the growth-oriented accommodative stance was retained to give a push to economic activity.
 
Accordingly, the monetary policy committee (MPC) of the central bank voted to maintain the repo rate, or short-term lending rate, for commercial banks, at 4%.
 
Likewise, the reverse repo rate was kept unchanged at 3.35%, and the marginal standing facility (MSF) rate and the 'Bank Rate' at 4.25%.
 
It was widely expected that MPC would hold rates and the accommodative stance.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
Free Helpline
Legal Credit
Feedback