RBI delivered as per script, not rocking the boat and holding rates steady across the board. The monetary policy will remain accommodative said the chief of Mint Street easing nerves of a possible end of low rates.
Also watch | RBI Monetary Policy: Record low rates stay as Omicron plays spoilsport
RBI On Growth
RBI Governor while underscoring importance for the policy to be accommodative stated that "Recovery, that was interrupted by second wave of pandemic is gaining traction, but is not strong enough to be self-sustaining and durable. This underscores vital importance of continued policy support."
RBI on Omicron
Highlighting the discussion within the committee members , Governor Shaktikanta Das said the "MPC regarded the accentuation of headwinds emanating from global developments as the main risk to the domestic economy which is now clouded by Omicron variant."