<h1>Monetary Policy Committee Debates Repo Rate Amid Global Growth Challenges, Inflation Risks, and Declining Export Growth.</h1> The Technical Advisory Committee on Monetary Policy met on April 1, 2015, to discuss the economic outlook ahead of the First Bi-monthly Monetary Policy Review. Members noted global growth challenges, including a slowdown in China and US economic headwinds. Concerns were raised about the revised GDP series, with discrepancies noted between GDP growth and other indicators. Inflation was seen as declining, but monsoon uncertainties posed risks. The current account deficit remained low, but export growth was declining. Members debated policy actions, with some advocating for a reduction in the repo rate to stimulate demand, while others recommended no change until previous cuts were reflected in lending rates.