Reserve Bank of India (RBI) has announced its First Bi- monthly Monetary Policy Rates for 2017-18 in Mumbai . You can go through the details of First Bi-monthly Monetary Statement below. The First Bi-monthly policy has been released based on the assessment of the Monetary Policy Committee of the Reserve Bank of India (RBI). Monetary Policy Rates are crucial for the exam, especially Banking awareness.
As per RBI’s report, “the decision of Monetary Policy Committee (MPC) is consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for Consumer Price Index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth”.
The remaining policy statements would be released by RBI as stated below –
Policy Statement | Dates of Release |
Second Bi-monthly Monetary Policy Statement for 2017-18 | 7th June 2017 |
Third Bi-monthly Monetary Policy Statement for 2017-18 | 2nd August 2017 |
Fourth Bi-monthly Monetary Policy Statement for 2017-18 | 4th October 2017 |
Fifth Bi-monthly Monetary Policy Statement for 2017-18 | 6th December 2017 |
Sixth Bi-monthly Monetary Policy Statement for 2017-18 | 7th February 2018 |
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