The Reserve Bank of India (RBI) kept interest rates at record lows on Friday and announced additional bond purchases to support the economic recovery, at risk of being derailed by a devastating second wave of Covid-19 infections. The RBI’s monetary policy committee (MPC) voted unanimously to hold the repo rate, its key lending rate, at 4% and kept the reverse repo rate, the borrowing rate, unchanged at 3.35% as predicted in a Reuters poll. The central bank also promised to keep its policy accommodative for as long as necessary, as it downgraded the growth forecast for the 2021/2022 fiscal year and said current inflation pressures would likely be transient. “At this point of time the MPC has
Hence then, the article about india s central bank says focused on growth as inflation not persistent was published today ( ) and is available onٌRayaٌ news ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( India’s central bank says focused on growth as inflation not ‘persistent’ )