Which Bank repo rate unchanged for the 9th consecutive time?

A)
RBI
B)
SBI
C)
ICICI
D)
HDFC

Correct Answer : Option (A) - RBI



The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Shaktikanta Das kept the repo rate unchanged at 4 per cent for the ninth consecutive time while maintaining an ‘accommodative stance’ as long as necessary. The reverse repo rate will continue to be 3.35 per cent. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting the interest rate to a historic low.  The meeting was held between December (6 to 8), 2021. The remaining will take place in February (7 to 9, 2022).

Published On : December 8, 2021
Category : Banking