mahendras

IBPS PO 2018 | IBPS Clerk 2018 | IBPS RRB 2018 | SBI PO 2018 | BOB PO 2018 | SSC CGL 2018 | RPF Constable 2018 | RPF SI | RRB ALP 2018 | RRB Group D 2018

Now Subscribe for Free videos

Subscribe Now

Wednesday, 7 February 2018

Sixth Bi-monthly Monetary Policy Statement, 2017-18

Mahendra Guru : Online Videos For Govt. Exams
Sixth Bi-monthly Monetary Policy Statement, 2017-18

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) decided to:

  • Kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 percent
Consequently, the reverse repo rate under the LAF remains at 5.75 percent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 percent.
The decision of the 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 percent within a band of +/- 2 percent while supporting growth. 

  • Dr. Chetan Ghate, Dr. Pami Dua, Dr. Ravindra H. Dholakia, Dr. Viral V. Acharya and Dr. Urjit R. Patel voted in favour of the monetary policy decision. Dr. Michael Debabrata Patra voted for an increase in the policy rate of 25 basis points. 
  • The next meeting of the MPC is scheduled on April 4 and 5, 2018.


Copyright © 2017-18 www.mahendraguru.com All Right Reserved Powered by Mahendra Educational Pvt . Ltd.