{"id":86319,"date":"2019-10-19T15:42:39","date_gmt":"2019-10-19T10:12:39","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=11048"},"modified":"2019-10-19T15:42:39","modified_gmt":"2019-10-19T10:12:39","slug":"monetary-policy-committee-sees-further-slowdown-in-growth","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/monetary-policy-committee-sees-further-slowdown-in-growth\/","title":{"rendered":"Monetary policy committee sees further slowdown in growth"},"content":{"rendered":"\n<p><strong>News:<\/strong>The Reserve Bank of India(RBI) has released the minutes of the monetary policy committee (MPC) meeting.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In its fourth Bi-monthly policy review,the Reserve Bank of India\u2019s(RBI) Monetary Policy Committee(MPC) has reduced the interest rates by 25 basis points to 5.15 % from 5.40 %.<\/li><\/ul>\n\n\n\n<p><strong>Key takeaways from the MPC meeting<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>All the six members of the MPC has voted for a rate cut to revive domestic demand citing the room provided by inflation which is within the target of 4%.<\/li><li>The members have also decided to continue with an accommodative stance as long as it is necessary to revive growth while ensuring that inflation remains within the target.<\/li><li>The members said that the growth in the consumption demand has reduced due to rising unemployment and ongoing stress in the banking system.<\/li><li>They also said that the private investment has lost traction due to corporate sector reluctant to make fresh investments.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About Monetary Policy Committee(MPC):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Monetary Policy Committee(MPC) is a committee of the Reserve Bank of India.<\/li><li>The MPC is made up of six members with three nominated by the Union government and three representing the RBI.<\/li><li>The MPC is mandated by law to ensure that retail inflation stays within a band of two percentage points of the target inflation rate of 4%.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The Reserve Bank of India(RBI) has released the minutes of the monetary policy committee (MPC) meeting. Facts: In its fourth Bi-monthly policy review,the Reserve Bank of India\u2019s(RBI) Monetary Policy Committee(MPC) has reduced the interest rates by 25 basis points to 5.15 % from 5.40 %. Key takeaways from the MPC meeting: All the six members&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/monetary-policy-committee-sees-further-slowdown-in-growth\/\">Continue reading <span class=\"screen-reader-text\">Monetary policy committee sees further slowdown in growth<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[395,394],"class_list":["post-86319","post","type-post","status-publish","format-standard","hentry","category-economy","tag-monetary-policy-committee","tag-rbi","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700780785,"cached_date":1704775108},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86319"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86319\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}