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CARE Ratings Research Report
The Reserve Bank of India's Monetary Policy Committee presented its fourth bi-monthly monetary policy for 2021-22 today.
On expected lines, the RBI has retained the policy rate (repo rate) at a record low of 4% and has maintained the accommodative monetary policy stance.
This is the eight meeting (since May 2020) at which the central bank has maintained status quo in policy.
As in the last monetary policy review of August 06, 2021, the decision of maintaining status quo on interest rates was unanimous by all the six MPC members. However, the vote on continuing with the accommodative policy stance was 5:1.
An accommodative stance means that the repo rate will not be increased in the near future.
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