With this novel cut, the Reverse Repo Rate under the LAF stands adjusted to 5.75 per cent, together with the Marginal Standing Facility (MSF) charge per unit of measurement together with the Bank Rate to 6.25 per cent. The six-member Monetary Policy Committee (MPC) led past times RBI Governor also decided to keep the neutral monetary policy stance. Here are the major highlights of RBI’s monetary policy disputation 2019
- RBI cutting the repo charge per unit of measurement past times 25 footing points to 6 percent.
- Last fourth dimension repo charge per unit of measurement stood at 6 per cent was inwards Apr 2018.
- Consequently, the Reverse Repo Rate adjusted to 5.75 percent, together with the Marginal Standing Facility (MSF) charge per unit of measurement together with the Bank Rate to 6.25 percent.
- Revised CPI inflation forecast downwards to 2.4 per centum inwards Q4 of FY19, 2.9 percent-3.0 per centum inwards H1 of FY20 together with 3.5 percent-3.8 per centum inwards H2:2019 20.
- Lowered the gross domestic product increment forecast for FY19 to 7.2 per centum from before 7.4 percent. gross domestic product increment for 1H of FY20 inwards the arrive at of 6.8-7.1 per centum together with 7.3-7.4 per centum inwards 2H.
- The MPC also decided to keep the neutral monetary policy stance.
- Allowed additional 2% of SLR to survive recognised inwards liquidity coverage ratio
- MPC voted 4:2 inwards favour of a charge per unit of measurement cut; 5:1 inwards favour of maintaining opinion at neutral
- The minutes of the MPC’s coming together volition survive published on Apr 18.
- The side past times side coming together of the MPC volition survive held during June 3, iv together with 6.