Quick Summary
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (April 6, 2023) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. The standing deposit facil
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FAQ :
The Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.50 per cent.
The decision was made at the Monetary Policy Committee's meeting on April 6, 2023.
Yes, the Standing Deposit Facility (SDF) rate remains unchanged at 6.25 per cent, and the Marginal Standing Facility (MSF) rate and Bank Rate remain at 6.75 per cent.
The RBI remains focused on the withdrawal of accommodation to ensure inflation progressively aligns with the target, while also supporting economic growth.
The medium-term target for consumer price index (CPI) inflation is 4 per cent, within a band of +/- 2 percent.
The minutes of the MPC's meeting will be published on April 20, 2023.
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