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 February 2018

19 FEBRUARY
NEWS
18 FEBRUARY
NEWS
17 FEBRUARY
NEWS
16 FEBRUARY
NEWS

Current Affairs January 2018

31 JANUARY
NEWS
30 JANUARY
NEWS
29 JANUARY
NEWS
28 JANUARY
NEWS

Current Affairs December 2017

31 DECEMBER
NEWS
30 DECEMBER
NEWS
29 DECEMBER
NEWS
28 DECEMBER
NEWS