<h1>Monetary Policy Committee Discusses Global Weakness, Domestic Inflation, and Debates Rate Cuts Ahead of 2013-14 Policy.</h1> The Technical Advisory Committee on Monetary Policy met on April 25, 2013, to discuss the global and domestic economic outlook ahead of the annual Monetary Policy 2013-14. Members noted global economic weakness, with slow growth in the US, declining output in Europe, and inflation concerns in emerging markets. Domestically, demand was weak, industrial growth subdued, and CPI inflation remained high. Members debated monetary policy adjustments, with some advocating a reduction in the policy repo rate to boost growth, while others suggested maintaining current rates due to persistent economic challenges. Concerns were also raised about the high fiscal deficit and current account deficit.