FIFTH BI-MONTHLY MONETARY POLICY
STATEMENT, 2017-18 RESOLUTION OF THE MONETARY POLICY COMMITTEE (MPC) RESERVE
BANK OF INDIA
On the basis of an assessment of the current and
evolving macroeconomic situation at its meeting on 06-12-2017, the Monetary
Policy Committee (MPC) decided to:
·
Keep the policy
repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per
cent.
·
Consequently,
the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal
standing facility (MSF) rate and the Bank Rate at 6.25 per cent.
The
decision of the MPC is consistent with a neutral stance of monetary policy in
consonance with the objective of achieving the medium-term target for consumer
price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent,
while supporting growth.
|
CURRENT RATES
|
||
|
POLICY RATES
|
BANK RATE
|
6.25 %
|
|
REPO RATE
|
6
%
|
|
|
REVERSE REPO RATE
|
5.75 %
|
|
|
MARGINAL STANDING FACILITY RATE
|
6.25 %
|
|
|
RESERVE RATIO
|
CRR
|
4 %
|
|
SLR
|
19.5 %
|
|
|
LENDING RATE
|
BASE RATE
|
8.95 – 9.45 %
|
The next meeting of the
MPC is scheduled on February 6 and 7, 2018.
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