New Delhi. RBI Governor Shaktikanta Das said on Thursday that looking at the current level of inflation, it is not possible to decide on any change in the policy rate (repo rate) right now.

This answer was received regarding the repo rate 

Das said during an interview that given the difference between the current inflation and the RBI's target of keeping it at four percent, the question of changing the repo rate is a premature question. Only when retail inflation remains at four percent for a few months continuously will we get the confidence to think about changing our stance.

What did RBI say in its June bi-monthly report? 

RBI had said in its June bi-monthly report that the Consumer Price Index (CPI) based retail inflation is expected to be 4.5 percent. However, the quarterly estimates are 4.9 percent in the first quarter (April-June), 3.8 percent in the second quarter, 4.6 percent in the third quarter and 4.5 percent in the fourth quarter.The government has asked the RBI to maintain retail inflation at 4 percent with a variation of 2 percent. Let us tell you that the RBI takes retail inflation into account while making any decision on monetary policy.