Fifth Bi-monthly Monetary Policy Statement Released by RBI

Posted on:06 Dec 2017 16:02:31
Fifth Bi-monthly Monetary Policy Statement Released by RBI
06 December 2017 Current Affairs: On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 percent.

Consequently, the Reverse Repo Rate (RRR) under the LAF remains at 5.75 percent, and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.25 percent.

The projection of real GVA growth for 2017-18 of the October resolution at 6.7per cent has been retained, with risks evenly balanced.

In the previous meeting in October, the RBI had maintained status quo on rates. Since then, inflation, as measured by the consumer price index, has accelerated to 3.58%, the fastest pace in seven months, because of rising food and fuel prices.

Since October 2017, global economic activity has been gaining momentum through the final quarter of the year, driven mainly by advanced economies (AEs).

US growth remained largely resilient to hurricanes and grew at the highest pace in the past three years in Q3 of 2017, with positive contributions from private consumption, investment activity and net exports.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 May

21 MAY
NEWS
20 MAY
NEWS
19 MAY
NEWS
18 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS

Current Affairs 2018 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS