Thread by @PIBMumbai

Watch @RBI Governor @DasShaktikanta's address on #MonetaryPolicy, today at 10 AM

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#MonetaryPolicy statement by @RBI Governor @DasShaktikanta

@MIB_India @PIB_India @ddsahyadrinews @airnews_mumbai
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Policy Repo Rate unchanged

#MonetaryPolicy Committee (MPC) met on 5, 6 & 7 April, 2021

The MPC voted unanimously to leave the Policy Repo Rate unchanged at 4%

- @RBI Governor @DasShaktikanta

Marginal Standing Facility Rate and Bank Rate remain unchanged at 4.2%

Reverse Repo Rate remain unchanged at 3.35%

- @RBI Governor @DasShaktikanta

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The Evolving Consumer Price Index(CPI) inflation trajectory is likely to be subjected to both upside and downside pressures

Bumper Food Grain production in 2020-21 should result in softening of cereal prices

- @RBI Governor @DasShaktikanta

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Prospects for FY 2021-22 have strengthened with the progress of #Vaccination programme

However the recent surge in infections have imparted greater uncertainty to the outlook; need to be closely watched

- @RBI Governor @DasShaktikanta

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The stands of #MonetaryPolicy will remain accommodative till the prospects of sustained recovery are well secured while closely monitoring the evolving outlook for inflation

- @RBI Governor @DasShaktikanta

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RBI #MonetaryPolicy

Repo rate, reverse repo rate remain unchanged.

@RBI Governor @Shaktikanta says, recent spike in #COVID19 cases has brought greater uncertainty to the economic outlook

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In India, we are now better prepared to meet challenges posed by resurgence of infections

Fiscal and Monetary authorities stand ready to act in coordinated manner to limit its spillovers to the economy at large

- @RBI Governor @Shaktikanta during his #MonetaryPolicy address

#MonetaryPolicy address

Projection of Real GDP Growth for FY 2021-22 is retained at 10.5%, consisting of

26.2% in Q1
8.3% in Q2
5.4% in Q3
6.2% in Q4

- @RBI Governor @Shaktikanta

#MonetaryPolicy address

Projection for CPI Inflation has been revised to

5% in Q4 of FY 2020-21
5.2% in Q1 of FY 2021-22
5.2% in Q2 of FY 2021-22
4.4% in Q3 of FY 2021-22
5.1% in Q4 of FY 2021-22

- @RBI Governor @Shaktikanta

#MonetaryPolicy over the next 5 years would aim at consolidating and building upon the credibility gains of the first 5 years of flexible inflation targeting

- @RBI Governor @Shaktikanta

Despite recommencement of the 14 day Variable Rate Reverse Repo since 15 Jan, liquidity absorbed through Fixed Rate Reverse Repo has steadily increased, reflecting surplus liquidity

From ₹ 4.3 Lakh Crore dy 16-29 Jan 2021
To ₹ 4.9 Lakh Crore dy 30 Jan -31 March 2021

- @RBI

#MonetaryPolicy

The Marginal Standing Facility Rate and Bank Rate remain unchanged at 4.25%

(We regret the typo made earlier)

https://twitter.com/PIBMumbai/status/1379656482736631809?s=20