Highlights and full text of RBI’s bi-monthly monetary policy—सविस्तर माहितीसाठी इकॉनॉमिक टाइम्स मधील बातमी वाचावी.

RBI kept its key interest rate unchanged at 6.25 per cent on Wednesday, as widely expected, while lowering projections for inflation and striking a less hawkish tone in a policy statement.

Following are the highlights of second bi-monthly monetary policy for 2017-18 as announced by RBI:

* Repo rate unchanged at 6.25%

* Reverse repo unchanged at 6%

* Statutory Liquidity Ratio cut by 0.5% to 20%

* Growth forecast for 2017-18 lowered to 7.3% from 7.4%

* Inflation projected at 2-3.5% for H1, 3.5-4.5% H2, FY18

* GST roll out not to have material impact on inflation

* Farm loan waivers risk fiscal slippages and inflationary spillovers

* 7th Pay Commission allowances, geo political, financial risk pose upside risk to inflation

* Need to revive private investment, restore banking sector health, remove infrastructure bottleneck

via monetary policy: Highlights and full text of RBI’s bi-monthly monetary policy – The Economic Times

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s