<h1>Policy repo rate unchanged; focus on withdrawal of accommodation to align inflation with the medium term target.</h1> The Monetary Policy Committee decided to keep the policy rate unchanged and to remain focused on withdrawal of accommodation to ensure inflation progressively aligns with the medium term CPI target of 4 per cent within the tolerance band while supporting growth. The MPC based this stance on resilient domestic growth, moderating but volatile inflation-particularly food price pressures-and upside risks from adverse weather, commodity and geopolitical shocks; members set out projections, voting positions, and emphasised anchoring inflation expectations and close monitoring of transmission and supply side developments.