All the six members of the MPC had voted for keeping the policy repo rate unchanged at 4 per cent at the three-day meeting which began on February 3, citing similar reasons.
Das, according to the minutes of the meeting released by RBI on Monday, had said: “Growth, although uneven, is recovering and gathering momentum, and the outlook has improved significantly with the rollout of the vaccine programme in the country.”
“The growth momentum, however, needs to strengthen further for a sustained revival of the economy and for a quick return of the level of output to the pre-COVID trajectory,” he added. Given the sharp moderation in inflation along with a stable near-term outlook, he said, the monetary policy needs to continue with the accommodative stance to ensure that the recovery gains greater traction and becomes broad-based.
This story is from the February 23, 2021 edition of Millennium Post Delhi.
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This story is from the February 23, 2021 edition of Millennium Post Delhi.
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