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RBI Policy highlights
Jaya Maheshwari
07 Feb 2019 01:07 PM
- RBI cuts Repo rate by 25 basis points to 6.25%
- Policy stance changed to neutral
- CPI is seen at 2.8 percent in January-March and 3.2-3.4 percent in April-September, 2019.
- MPC's decision to change the policy stance to 'neutral' was unanimously; though rate cut was 4-2 with Viral Acharya and Chetan Ghate against the rate cut.
- The CPI is seen at 3.9 percent In October -December 2019.
- RBI projects FY20 GDP growth at 7.4 percent.
- The reverse repo rate under the LAF stands adjusted to 6.0 percent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.5 percent
- Import growth turned negative in December 2018
- Headline inflation is expected to remain contained below or at its target of 4 percent
Date : Feb-2019
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