InvestorQ : What were the highlights of the rates policy announced by the RBI in the month of February 2019?
Deepa Salunkhe made post

What were the highlights of the rates policy announced by the RBI in the month of February 2019?

Answer
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Juvina Maggie answered.
7 months ago


RBI announced its sixth bi-monthly monetary policy statement for 2019-20 today in which the repo rate was left unchanged at the level of 5.15% as was widely expected. The MPC decided to keep the policy repo rate unchanged at 5.15% and persevere with the accommodative stance as long as necessary to revive growth, while ensuring that inflation remains within the target. This ensured that the reverse repo rate remained at a level of 4.90% and the bank rate and the MSF rate remained at the 5.40% levels. Ahead of the policy announcement, the street was almost unanimous that the RBI would hold rates and also retain its stance as accommodative.