RBI Monetary Policy: Repo rate unchanged at 4% for the 9th consecutive time

Wednesday, 8 December 2021newsdesk

RBI Monetary Policy 2021: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 per cent for the ninth consecutive time while maintaining an ‘accommodative stance’ as long as necessary, RBI Governor Shaktikanta Das announced on Wednesday.

New Delhi, 08 December 2021

As per news report of The Indian Express, The central bank governor said that the MPC had voted unanimously 5:1 to maintain the accommodative stance and added that the reverse repo rate too was kept unchanged at 3.35 per cent. The Marginal Standing Facility (MSF) rate and bank rate also remained unchanged at 4.25 percent. The RBI had last revised its policy repo rate or the short-term lending rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting the interest rate to a historic low.

Source - The Indian Express