Shaktikanta Das announces decisions of MPC meeting, no change in repo rate

The Monetary Policy Committee meeting of the Reserve Bank of India (RBI) has ended today. The central bank governor, Shaktikanta Das, is announcing the decisions taken by the committee in a press conference. It is known that the central bank has cut the policy rate or repo rate by 1.15 percent since February this year. The next few months are very important for the economy. The meeting of the six-member Monetary Policy Committee headed by Shaktikanta Das began on December 2.

Key points

• RBI Governor Shaktikanta Das thanked the members of the Monetary Policy Committee.
• RBI has not made any change in the repo rate. It remains at four percent. The MPC has taken this decision unanimously. That is, customers have not got new relief on EMI or loan interest rates.
• Das said that the reverse repo rate has also been kept constant at 3.35 percent.
• With this, it has been decided not to change the bank rate. It is stable at 4.25 percent.