New Delhi: Monetary Policy Committee (MPC) Reserve Bank of India (RBI) on Wednesday Unanimously decided to keep the repo level unchanged at 4 percent for the consecutive tenth time and continued with an accommodating attitude.
Repo Rate is a level where the RBI is loaned to the bank, while the reverse repo level is the level borrowed from the bank.
MPC six members, led by RBI Governor Shaktikanta Das, met for three days from February 8.
“Overall, taking into account the prospect of inflation and growth, especially the comfort provided by increasing the prospect of inflation and uncertainty associated with Omicron and uncertainty related to Omicron Global abundance, MPC holds that advanced policy support is guaranteed for a long-lasting and broad-based recovery, “said the Governor of RBI Shaktikanta Das in his speech.
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RBI keeping repo rates unchanged at 4%; Maintain an accommodating attitude
