Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.

RBI policy outcome: Lower repo rate, neutral stance and enhanced collateral-free farm loan

Copy URL

In a significant policy shift, the six-member monetary policy committee, headed by RBI Governor Shaktikanta Das, lowered the repo rate by 25 basis points to 6.25 per cent in a 4-2 vote. It is the first rate cut in 17 months. The MPC also changed the policy stance to 'neutral' from 'calibrated tightening'. This was the first monetary policy review for the former economic affairs secretary, who took over as RBI Governor in the second week of December 2018. Why did the new RBI chief hit the neutral gear? Swaminathan Aiyar, Consulting Editor, The Economic Times, explains.

For the latest videos, follow us on twitter
Have something to say? Post your comment

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service