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RBI’s monetary policy statement

  Nov 03, 2021

RBI’s monetary policy statement

Q What is the context  ?

A The Monetary Policy Committee of the RBI kept the benchmark policy rates unchanged, and retained the accommodative stance in its October review.

Q What are Factors playing part in monetary policy decisions ?

Q What are reasons behind economic recovery ?

Q What is Global monetary policy environment ?

Q What can be way forward ?

A The process of mopping up excess liquidity will slowly gain pace over the next few months, followed by a policy rate hike sometime around early 2022. By then, there should be enough clarity on the third wave and the stance of the Fed and the ECB.