Repo rates unchanged at 4%, says RBI Governor Shaktikanta Das

New Delhi: RBI Governor Shaktikanta Das on Friday said that MPC (Monetary Policy Committee) voted unanimously to leave policy repo rates unchanged at 4%.

“The Monetary Policy Committee met on 3rd, 4th and 5th February and deliberated on current and evolving macroeconomic and financial developments both domestic and global. The MPC voted unanimously to leave the policy repo rate unchanged at 4 per cent,” said Das.

“It also unanimously decided to continue with the accommodative stance of monetary policy as long as necessary at least through the current financial year and into the next year to revive growth on a durable basis and mitigate the impact of COVID-19 while ensuring that inflation remains within the target going forward,” he added.

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This is the first Monetary Policy discussed by the RBI Governor after the presentation of Union Budget 2021-22.

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