RBI Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) August 4-6, 2021

Last updated: 06 August 2021

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The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 4.0 per cent. The committee also resolved to maintain an accommodative stance to foster economic recovery and mitigate the effects of COVID-19. These decisions aim to support growth while keeping inflation within the target range.

Date :Aug 06, 2021 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 6, 2021) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent. The MPC also decided to co

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FAQ :

The Monetary Policy Committee decided to keep the policy repo rate unchanged at 4.0 per cent.

The MPC decided to continue with an accommodative stance as long as necessary to revive and sustain growth on a durable basis and mitigate the impact of COVID-19.

The objective is to achieve the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent.

The minutes of the MPC's meeting will be published on August 20, 2021.

The next meeting of the MPC is scheduled during October 6 to 8, 2021.

Notification No : PR : 2021-2022/644
Source : https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52011

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