RBI Monetary Policy Update

• On February 10, 2022, RBI’s Monetary Policy Committee (MPC) kept key interest rates unchanged. It retained the accommodative stance in its first policy after Union Budget 2022.

• This is the tenth consecutive time that, MPC has maintained the status quo.

• The three-day RBI MPC meeting started on February 8, and concluded on February 10.

• Last MPC was held in December 2021, keeping benchmark interest rate unchanged at 4 percent. 

• It decided to continue with its accommodative stance amid the emergence of new coronavirus variant Omicron.