Money & Banking

RBI's monetary policy committee to announce its decision this afternoon

Rajalakshmi S | | Updated on: Dec 07, 2016
image caption

The RBI's monetary policy committee (MPC) will conclude its two-day meeting today and announce its decision later this afternoon.

This will be the the Fifth Bi-monthly Monetary Policy Statement for 2016-17. And the second monetary policy announcement since Urjit Patel took over as RBI Governor on September 6th this year after Raghuram Rajan completed his term in office.

The monetary policy committee arrangement came into effect two months ago following the setting up of this committee. The committee has three internal members, including the Governor and three external members.

The committee is widely expected to recommend cutting of the repo rate (the RBI's key policy rate) by 25 basis points. The repo rate is currently at 6.25 per cent.

Published on January 16, 2018

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like

Recommended for you