URL copied
RBI s MPC starts deliberating on next monetary policy
RBI Governor Shaktikanta Das-headed rate-setting panel MPC started its three-day deliberation on the next monetary policy on Monday amid sudden surge in COVID-19 cases and the government s recent mandate asking the central bank to keep retail inflation around 4 per cent. The Reserve Bank will announce the resolution of the Monetary Policy Committee (MPC) on April 7.
Experts are of the view that the Reserve Bank will maintain status quo on policy rates at its first bi-monthly monetary policy review for the current fiscal. It is also likely to maintain an accommodative policy stance.
Read more about Economic growth will only move upwards in FY21-22, says Shaktikanta Das on Business Standard. The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week
Read more about RBI extends deadline for last tranche of capital conservation buffer on Business Standard. The capital conservation buffer ensures that banks have an additional layer of usable capital that can be drawn down when losses are incurred
Read more about RBI keeps policy rate unchanged fourth time, maintains accommodative stance on Business Standard. The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
Read more about RBI to restore cash reserve ratio in 2 phases to 4% over improved liquidity on Business Standard. The CRR is the percentage of the total deposit that banks have to mandatorily park with the apex bank