Which of the following statements is/are correct with reference to the Monetary Policy Committee (MPC)?

Which of the following statements is/are correct with reference to the Monetary Policy Committee (MPC)?

A. The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep its short term lending rate or the repo rate unchanged at 4 per cent, in line with market expectations.

B. The RBI maintained its GDP growth forecast at 10.5 per cent for 2021-22.

C. Both A & B

D. None of these

Explanation:

RBI Governor Shaktikanta Das-headed rate-setting panel MPC kept the key lending rates unchanged amid a sudden surge in COVID-19 cases across the country. It has decided to keep its short term lending rate or the repo rate unchanged at 4 per cent, in line with market expectations. Announcing the monetary policy, RBI Governor said the central bank will maintain its ‘accommodative stance’ as long as required to sustain growth on a durable basis. The RBI maintained its GDP growth forecast at 10.5 per cent for 2021-22.