FA, 2020 amendment increasing...
Based on an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting on February 5, 2021 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 %.
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 %. However, the MPC also decided to continue with the accommodative stance as long as necessary – at least during the current fiscal year and into the next fiscal year –To revive growth on a durable basis and mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target.
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