Key words & how many times they appear in April and February MPC minutes. For the record, the repo rate (4%) remains unchanged but the reverse repo rate (3.35%) has been made redundant by introducing SDF (3.75%) to drain excess liquidity daily. The stance remains accommodative but the Reserve Bank has committed to withdraw accommodation over a period of time. Finally, fighting inflation is now up on RBI’s agenda, ahead of ensuring growth.
Here are the key words and how many times they are used:
Crude oil 7
Crude oil 6
So, what has changed? Look at the last word. It says all.