RBI Governor Sanjay Malhotra announced on Friday that the Monetary Policy Committee has unanimously decided to keep the policy repo rate unchanged at the current level of 5.25 per cent and stick to the neutral monetary policy stance.
The RBI Governor said that the decision to maintain the status quo in the policy rate had been taken after careful consideration of
the macroeconomic conditions and the outlook for the economy ahead.
He said that since the last monetary policy meeting in December, global headwinds have intensified, but the trade deals signed by the government augur well for the economy going ahead.
Malhotra further stated that the RBI has decided to stick to a “neutral policy stance”.