Repo rate remains at 6.5 percent for the fifth consecutive time, no relief from expensive loans, RBI took these big decisions

The Reserve Bank of India (RBI) announced the monetary policy today on Friday. Many big decisions were taken in this. For the fifth consecutive time, RBI has not made any changes in the repo rate and other policy rates. RBI Governor Shaktikanta Das announced this today. As soon as the announcement was made, it was decided that you will not get any relief on the loan EMI at present nor will it increase because RBI has kept the status quo on the rates.

As expected by economists, the Monetary Policy Committee of the Reserve Bank of India did not make any change in the repo rate today. Announcing the decision after a three-day meeting of the MPC, RBI Governor Shaktikanta Das today said the committee has unanimously decided to keep the repo rate at 6.5 per cent. He said the MPC is alert and ready to take necessary action. The MPC meeting was held on 6-8 December.

While announcing this, Governor Das said that the Central Bank is continuously making efforts to bring retail inflation to 4 per cent. We are achieving our goals even in difficult circumstances. There is difficulty in reducing inflation but our efforts are continuing.

All the members of the government MPC are in favour of keeping the repo rate stable. Soon offline facility will be introduced for UPI payment. The performance of the country's economy continues to improve. About 80 per cent of members are in favour of withdrawing the accommodative stance. Core inflation has declined but food inflation remains a threat. There is a continuous improvement in demand in rural areas.