Monetary policy highlights: Growth lagging vs pre-pandemic level, says RBI

Last Updated on December 21, 2022 by Admin

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monetary policy LIVE: The Reserve Bank of India’s (RBI’s) six-member monetary policy committee (MPC), headed by Governor Shaktikanta Das, kept the key lending rate — repo rate unchanged at 4 per cent for the eighth time in a row. remained unchanged at 3.5 per cent. The central bank retained FY22 GDP growth forecast at 9.5 per cent.
The MPC voted 5-1 to retain the accommodative stance as long as necessary to sustain growth on a durable basis, while ensuring that remains within the target, Governor said on Friday.


It will, however, continue to conduct open market operations as needed.


— RBI has stepped up the pace of variable rate reverse repo auctions.


— The RBI has maintained the FY22 GDP growth forecast at 9.5%.



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