Highlights of RBI Governor Das' address post MPC meet #alliesfin
* Policy statement today has four parts
* MPC voted to continue with accommodative stance
* MPC voted to leave repo rate unchanged at 4.00%
* To announce some additional measures today
* To provide guidance on liquidity, not conditions
* Reverse repo rate also left unchanged at 3.35%
* To announce some additional measures today
* To provide guidance on liquidity, not conditions
* COVID 2nd wave spread to smaller towns since Apr
* MSF, Bank Rate remain unchanged at 4.25%
* MPC unanimous on continuing accommodative stance as long as needed
* Tough times call for tough choices, decisions
* Accommodative stance to revive, sustain growth on durable basis
* April CPI print has brought some policy elbow room
* Forecast of normal monsoon tailwind for economic revival
* Dent on urban demand poses downside risks to growth
* Policy support needed from all sides to nurture recovery
* Spread of COVID in rural areas downside risks to growth
* Normal monsoon, buffer stock to keep pulses prices in check
* Policy aid needed from all sides to gain growth momentum
* Commodity prices rise globally causing cost pressures
* Impact of COVID 2nd wave on activity seen to be contained
* Econ impact of 2nd COVID wave less vs 1st wave
* Impact on econ expected to be contained in 2nd COVID wave
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By: via @AlliesFin Serve Stock Market
