Highlights of RBI monetary policy

DN Bureau

The highlights of the first bi-monthly monetary policy announced by the RBI on Thursday.

File Photo
File Photo

Mumbai: Following are the highlights of the first bi-monthly monetary policy announced by the RBI on Thursday:

 

1. Short-term lending rate (repo) reduced by 25 bps to 6 pc; 

2. This is second back-to-back rate cut; 

3. RBI maintains Neutral stance on the monetary policy; 

Also Read: RBI cuts repo rate by 25 basis points to 6 pc

4. Four out of six MPC members voted in favour of rate cut; 

5. GDP growth projection lowered to 7.2 pc for 2019-20; 

6. RBI revises downward retail inflation estimate to 2.4 pc in Q4 FY19.

Also Read: RBI keeps repo rate unchanged at 6.5 pc 

7. MPC notes output gap remains negative and domestic economy facing headwinds; 

8. Next monetary policy statement on June 6. (PTI)

(Download the Dynamite News app from here. You can also follow us on Facebook and Twitter.)






Related Stories