Mumbai, Aug 6 (PTI) Following are the highlights of announcements made by RBI Governor Shaktikanta Das after the third bi-monthly monetary policy review by MPC on Friday:

• Monetary Policy Committee keeps key interest rate (repo) unchanged at 4 pc for 7th consecutive time;
• Consequently, reverse repo rate too remains unchanged at 3.35 pc;
• Bank rate also remains same at 4.25 pc;
• RBI to continue its accommodative stance to sustain growth amid COVID;
• Retail inflation (CPI) projection at 5.7 pc during 2021-22; may drop to 5.1 pc in Q1 of next fiscal;
• RBI retains GDP growth projection for 2021-22 at 9.5 pc;
• RBI says some high-frequency indicators looking up again during June-July;
• RBI proposes to conduct two more auctions of ₹ 25,000 crore each in August under G-SAP 2.0;
• Repo rate cut by 250 bps since February 2019, reduced bank lending rate by 217 bps;
• RBI says domestic borrowing costs have eased;
• Transmission to lending rates has been stronger for MSMEs, housing and large industries;
• Significant cut in interest rates on personal housing loans and loans to commercial real estate sector augurs well for the economy;
• RBI announces additional measures on liquidity front;
• After onset of COVID pandemic, RBI says it announced over 100 measures to mitigate its impact;
• Next meeting of the MPC scheduled for October 6 to 8.

Monetary policy stance maintained with accommodative measures continuing to support growth and liquidity amid pandemic uncertainty. The Monetary Policy Committee kept the key policy rate unchanged and maintained an accommodative stance to sustain growth amid COVID-19, while retaining inflation and GDP projections, proposing additional G-SAP auctions to manage market conditions and announcing further liquidity measures; the RBI reported improved transmission of policy easing to lending rates and emphasized a series of measures deployed since the pandemic onset.