RBI Sixth Bi-Monthly Monetary Policy 2017-18: Highlights

By | February 24, 2018

The Reserve Bank of India in its Sixth Bi-Monthly statement 2017-18 has made the following announcements –

◾️Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 percent.

◾️The reverse repo rate under the LAF remains at 5.75 percent.

◾️The marginal standing facility (MSF) rate and the Bank Rate at 6.25 percent.The decision of the MPC is consistent with the neutral stance of monetary policy in consonanceCash Reserve Ratio (CRR) remains unchanged at 4%.

◾️As per RBI’s report, with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent within a band of +/- 2 percent, while supporting growth. 

🔜 Policy Repo Rate 6.00 %

🔜 Reverse Repo Rate 5.75 %

🔜 Marginal Standing Facility Rate (MSF) 6.25 %

🔜 Bank Rate 6.25 %

🔜 Cash Reserve Ratio (CRR) 4%

🔜 Statutory Liquidity Ratio (SLR) 19.5%

Leave a Reply

Your email address will not be published. Required fields are marked *