In the month of august, the reserve bank of India cut Repo rate by 25 basis points to 6% in its latest credit and monetary policy review as was expected, reducing the key policy rates for the first time since October 2016, as falling inflation provided it room for monetary easing.
The revised repo rate at 6% is the lowest in six-and-a-half years since November 2010. This is the first policy rate cut since October 2016. Accordingly, the revised reverse repo rate and the marginal standing facility rate will now stand at 5.75% and 6.25%. RBI, in its last policy in June 2017, had narrowed the policy rate corridor by 50 basis points by raising the reverse repo rate and reducing the marginal standing facility rate.
NEUTRAL STANCE OF MONETARY POLICY
この記事は Mad About Money の November 2017 版に掲載されています。
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この記事は Mad About Money の November 2017 版に掲載されています。
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