{"id":32104,"date":"2017-10-04T11:55:34","date_gmt":"2017-10-04T11:55:34","guid":{"rendered":"https:\/\/www.edristi.in\/?p=32104"},"modified":"2017-10-04T11:55:58","modified_gmt":"2017-10-04T11:55:58","slug":"fourth-bi-monthly-monetary-policy-statement-2017-18","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/fourth-bi-monthly-monetary-policy-statement-2017-18\/","title":{"rendered":"Fourth Bi-monthly Monetary Policy Statement, 2017-18"},"content":{"rendered":"<p><a href=\"https:\/\/www.edristi.in\/wp-content\/uploads\/2017\/10\/Fourth-Bi-monthly-Monetary-Policy-Statement-2017-18.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-32105 aligncenter\" src=\"https:\/\/www.edristi.in\/wp-content\/uploads\/2017\/10\/Fourth-Bi-monthly-Monetary-Policy-Statement-2017-18.png\" alt=\"Fourth Bi-monthly Monetary Policy Statement, 2017-18\" width=\"255\" height=\"143\" \/><\/a><\/p>\n<ul>\n<li>On October 4th, 2017, Reserve Bank of India has issued Fourth Bi-monthly Monetary Policy Statement, 2017-18.<\/li>\n<li>Monetary Policy Committee (MPC) made a resolution on the basis of an assessment of the current and evolving macroeconomic situation.<\/li>\n<\/ul>\n<p><strong>Monetary Policy Committee (MPC) has decided:<\/strong><\/p>\n<ul>\n<li>To keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent.<\/li>\n<li>Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.<\/li>\n<li>The decision of the 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 per cent within a band of +\/- 2 per cent, while supporting growth.<\/li>\n<\/ul>\n<p><strong>The main considerations underlying the decision are set out in the statement below-<\/strong><\/p>\n<ul>\n<li>The projection of real GVA growth for 2017-18 has been revised down to 6.7 per cent from the August 2017 projection of 7.3 per cent, with risks evenly balanced.<\/li>\n<li>The MPC was of the view that various structural reforms introduced in the recent period will likely be growth augmenting over the medium- to long-term by improving the business environment, enhancing transparency and increasing formalisation of the economy.<\/li>\n<li>The MPC also decided to keep the policy stance neutral and monitor incoming data closely.<\/li>\n<li>The MPC remains committed to keeping headline inflation close to 4 per cent on a durable basis.<\/li>\n<\/ul>\n<p><strong>Reference:<\/strong><br \/>\n<a href=\"https:\/\/rbi.org.in\/scripts\/BS_PressReleaseDisplay.aspx?prid=41852\" target=\"_blank\" rel=\"noopener\">https:\/\/rbi.org.in\/scripts\/BS_PressReleaseDisplay.aspx?prid=41852<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 4th, 2017, Reserve Bank of India has issued Fourth Bi-monthly Monetary Policy Statement, 2017-18. Monetary Policy Committee (MPC) made a resolution on the basis of an assessment of the current and evolving macroeconomic situation. Monetary Policy Committee (MPC) has decided: To keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-32104","post","type-post","status-publish","format-standard","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/32104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=32104"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/32104\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=32104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=32104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=32104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}