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Monetary Policy Committee Announcements
October 10 , 2021
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- The three-membered Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained an accommodative stance and kept the repo rate unchanged at 4 per cent.
- This is in order to revive & sustain growth and reduce the impact of the Covid-19 pandemic.
- The monetary Policy Committee has also ensured that inflation remains within the target.
- The reverse repo rate was also kept as earlier at 3.35 per cent.
- Marginal Standing Facility (MSF) rate and bank rate also remain unchanged at 4.25 per cent.
- This was the eighth consecutive time that RBI has maintained a status quo on policy rate.
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