The Governor of Reserve Bank of India Shaktikanta Das on October 9 announced the Monetary Policy Committee (MPC)’s decisions. The RBI Governor also announced a host of new measures to be undertaken by the central bank.
The newly-constituted MPC of the central bank began its three-day deliberations on October 7, amid speculation that it will maintain status quo on the benchmark lending rates in view of hardening inflation.
Here is the full text of RBI Governor Shaktikanta Das’s speech:
Governor’s Statement, October 9, 2020
The newly appointed Monetary Policy Committee (MPC) with Dr. Ashima Goyal, Professor Jayanth R. Varma and Dr. Shashanka Bhide as external members met on 7th, 8th and 9th October, 2020 in its first meeting and the 25th under the monetary policy framework that was instituted in June 2016.
I welcome the new members