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<h1>Monetary policy: repo rate held at 6.0%, neutral stance to target 4% CPI while supporting growth.</h1> The MPC maintained the policy repo rate at 6.0 per cent and a neutral stance to achieve the medium term CPI inflation target of 4 per cent ( 2%) while supporting growth; it highlighted upside inflation risks from food, fuel, input cost pass through and fiscal pressures, noted declining surplus liquidity and recent durable liquidity absorption, and retained projections for near term CPI inflation and real GVA growth with risks evenly balanced.
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