Mpc Maintains Accommodative Stance, Keeps Rates Unchanged

MPC maintains accommodative stance, keeps rates unchanged

Mumbai, Dec 4 : To subdue unabatedly high inflation rate, the Reserve Bank of India (RBI) maintained the key lending rates.

 Mpc Maintains Accommodative Stance, Keeps Rates Unchanged-TeluguStop.com

Accordingly, the Monetary Policy Committee of the central bank maintained the repo rate — or short-term lending rate for commercial banks, at 4 per cent.

The MPC voted to maintain accommodative stance, thus opening up possibilities for more future rate cuts

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