Press Statement on Fourth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India

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....ress Statement on Fourth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India <br>News and Press Release<br>Dated:- 5-10-2018<br><BR>Th....

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....e Monetary Policy Committee (MPC) in its fourth bi-monthly statement, issued on 05.10.2018, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, deci....

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....ded to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent. The GDP growth projection for 2018-19 is retained at 7.4 per cent as in the August resolution....

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..... The projections of inflation for 2018-19 and Q1:2019-20 have been revised downwards from the August resolution. The decision of the MPC is in consonance with the Government's assessment of inflatio....

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....n and growth going forward and for achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent., while supporting growth. The Government we....

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....lcomes the MPC's assessment and notes its decision to maintain the Policy Rate.<BR> News - Press release - PIB....