RBI Monetary Policy: Highlights of RBI Monetary Policy

Reserve Bank of India’s Monetary Policy Committee(MPC) today  voted upon various decisions in its first post budget meet. Here are some highlights from the RBI MPC outcome:

  • MPC voted unanimously to keep Repo rate, Reverse repo rate, MSF, and Bank rate unchanged.
  • Inflation outturn has turned out to be better than expected. Outlook for core inflation is influenced by cost-push pressure seen in recent months, said RBI. CPI projection revised to 5.2 per cent for Q4 FY21, supported by a fall in vegetable prices and favourable base.
  • FY22 GDP Growth is projected at 10.5 percent. Growth is projected in the range of 26.2 percent to 8.3 percent in H1FY22 ​and 6 percent in Q3FY22.
  • With the beginning of vaccination drive, economic growth is heading in the positive direction and likely to pick pace, RBI said.
  • Funds from TLTRO scheme will now be available to NBFCs

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