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As per expectations, the Monetary Policy Committee had kept the policy repo rate unchanged at 4% in its meeting on December 4, 2020.

The reverse repo and Marginal Standing Facility rates were also kept unchanged at 3.35% and 4.25%, respectively.

In addition to the decisions on the rates, all the members of the MPC voted unanimously to continue with the accommodative stance as long as necessary – at least during the current financial year and into the next financial year.

The inflation and growth projections, however, were revised significantly, as we had anticipated.

Click on the attachment to read the full report:

Motilal Oswal MPC Minutes.pdf

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