The Reserve Bank's Monetary Policy Committee (MPC) kept the policy repo rate unchanged at 5.25%. The committee observed that the recent rise in inflation was mostly on account of fuel and food prices, with little sign so far of price pressures becoming generalised across the economy, allowing it to hold rates steady while monitoring risks.
Nabka Insight
The RBI's key policy rate decision — core banking and economy current affairs.
Powered by AIKey facts
- Policy repo rate held unchanged at 5.25% by the MPC.
- MPC attributed higher inflation mainly to fuel and food prices.
- Committee saw little generalisation of price pressures so far.
Background
Relevant forBanking · SSC · State PSC · UPSC