The Third Bi-monthly Monetary Policy Statement, 2017-18
The Monetary Policy Committee (MPC) decided to:
Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25% to 6.0% with immediate effect.
Consequently, the reverse repo rate under the LAF stands adjusted to 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25%.
The MPC observed that while inflation has fallen to a historic low, a conclusive segregation of transitory and structural factors driving the disinflation is still elusive.
The MPC remains focused on its commitment to keeping headline inflation close to 4% on a durable basis.
The Monetary Policy Committee (MPC) decided to:
Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25% to 6.0% with immediate effect.
Consequently, the reverse repo rate under the LAF stands adjusted to 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25%.
The MPC observed that while inflation has fallen to a historic low, a conclusive segregation of transitory and structural factors driving the disinflation is still elusive.
The MPC remains focused on its commitment to keeping headline inflation close to 4% on a durable basis.
