RBI Q3 Monetary Policy Review: Key Highlights
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RBI Q3 Monetary Policy Review: Key Highlights

Last Updated: Tuesday, January 28, 2014, 13:16
 
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RBI Q3 Monetary Policy Review: Key Highlights
Mumbai: Following are the highlights of RBI's third quarter review of monetary policy:

* Key lending rates hiked by 0.25 percent to 8 percent

* Cash reserve ratio kept unchanged at 4 percent

* Marginal Standing Facility (MSF) rate stands at 9 percent

* GDP growth to be less than 5 percent in current fiscal

* Growth to improve to 5.5 percent in 2014-15

* Current Account Deficit to be below 2.5 percent this fiscal

* March-end inflation could exceed 8 percent

* Rate hike will set economy securely on disinflationary path

* Growth likely to lose momentum in Q3 of 2013-14.

* Slowdown in economy getting increasingly worrisome

* Inflation is a tax that is grossly inequitable, falling hardest on the very poor

* Fiscal and monetary authorities should continue to work for macroeconomic stabilisation

* Henceforth, policy review to take place every two months. Next review on April 1.


PTI

First Published: Tuesday, January 28, 2014, 11:46


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