The Monetary Policy Committee, as widely expected, kept the policy repo rate on hold. An accommodative stance was also unanimously maintained. Yet, overlaid on this status quo, there is a significant expansion of the use of innovative instruments and approaches. This is being done to manage the expanding envelope of uncertainty due to rising Covid-19 cases as well as risks of spillovers from external developments. The recurring motif of the policy was “action, communication, and signals”. This article focuses on a few of those, from the many embedded in the liquidity management framework planned for FY22.
April 07, 2021 at 10:12PM
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RBI’s Sophisticated Balancing Act With Newer Experiments - BloombergQuint
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