monetary policy committee

monetary policy committee News

RBI cuts repo rate: what it means for your loans

The Reserve Bank of India Thursday cut its repo rate, or the rate at which it lends to banks, by 25 basis points to 6 per cent — the second consecutive rate cut under new RBI Governor Shaktikanta Das.

RBI cuts repo rate by 25 bps to 6%, growth seen at 7.2%

In its first meeting in FY'20, the Monetary Policy Committee (MPC) of the Reserve Bank of India, headed by Governor Shaktikanta Das, Wednesday cut the key lending rate — repo rate — by 25 basis points from 6.25 per cent to 6 per cent.

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Inflation risk led to rate hike: Reserve Bank MPC minutes

In the last MPC meeting held on August 1, five out of the six members voted for a 25 basis points increase in the Repo rate to 6.50 per cent and for retaining the Reserve Bank of India’s neutral policy stance amid various uncertainties on the growth and inflation fronts.

RBI monetary policy review: In a tight spot, central bank expected to raise rates again

RBI monetary policy review: In June, the repo rate, or the benchmark lending rate, was raised for the first time in over four years, by 25 basis points to 6.25 percent.

RBI Monetary Policy review: Pause or hike, opinion divided

With lack of clarity on inflationary and fiscal risks, neutral stance may persist.

Loan default norms among pressure points between RBI and govt

Despite repeated requests by the Ministry to relax the default norms, the central bank refused to budge. The rate hike has now ruffled feathers in the government.

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RBI policy panel warns of inflationary pressures

The RBI cut the Repo rate by 25 basis points to a six-year low of 6 per cent on August 2, but kept its policy stance at “neutral”. Four MPC members, including Urjit Patel and Viral Acharya, voted for 25 basis points cut, while Ravindra Dholakia voted for a 50 bps cut.

MPC members to get Rs 1.5 lakh per meeting, says RBI

As per the new norms, the members of the MPC including the RBI Governor will have to observe a “silent period” seven days before and after the rate decision for “utmost confidentiality”.

Monetary Policy Committee members to get Rs 1.5 lakh per meet, disclose assets every year

After conclusion of MPC meeting, a resolution needs to be made public including on the policy repo rate and any other monetary policy measures at the discretion of the Chairperson while keeping in view the functioning and timing of financial markets.

Monetary Policy Committee minutes: Ravindra H Dholakia sought 50 bps rate cut in June review

The vote marked the first non-unanimous decision in the five meetings since the MPC was formed in September 2016.

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