RBI monetary policy: Key quotes from Governor Shaktikanta Das

SUMMARY

The Reserve Bank of India in its last bi-monthly monetary policy committee (MPC) meeting of the year on Thursday has maintained the key repo rate at 5.15 percent while keeping its policy stance as "accommodative." The RBI's decision comes against the wider expectation of a rate cut. The current 5.15 percent rate is the lowest in nine years. The MPC was led by the RBI governor Shaktikanta Das and all six members voted in favour of the decision.

By CNBCTV18.COMDec 5, 2019 1:41:24 PM IST (Updated)

RBI Governor Shaktikanta Das said he does not rule out a fall in direct tax collections due to the economic slowdown.

RBI Governor Shaktikanta Das said top 50 NBFCs are regularly monitored.

RBI Governor Shaktikanta Das said a regulator, the RBI can only refer NBFCs to NCLT.

RBI Governor Shaktikanta Das said the MPC cannot mechanically cut rates every time.

RBI Governor Shaktikanta Das said the food inflation is expected to remain high in the January-March period.

RBI's GDP growth forecast

RBI growth estimates for FY20 and FY21

RBI keeps rates unchanged

All members voted unanimously to maintain status quo.