<h1>Monetary Policy Committee Discusses Global Slowdowns, Domestic Inflation, and Exchange Rate Volatility; Recommends Rate Stability Amid Economic Concerns.</h1> The Technical Advisory Committee on Monetary Policy held an electronic consultation in January 2016, focusing on global economic concerns, domestic growth, inflation, and external sector challenges. Members highlighted slow US growth, weak European macroeconomic conditions, and China's economic slowdown. Domestically, a modest economic recovery was noted, hindered by banking and infrastructure issues. Inflation was a concern, with rising CPI and food prices. Members discussed capital outflows and exchange rate volatility, with differing views on managing the rupee. For the upcoming policy review, most recommended maintaining the status quo on rates, citing inflation concerns and the need to monitor economic conditions.