<h1>Minutes under Section 45ZL: MPC keeps policy repo rate at 5.50% and retains neutral stance</h1> Minutes published under Section 45ZL report that the Monetary Policy Committee met August 4-6 and, after reviewing surveys, staff projections and risks, unanimously resolved to maintain the policy repo rate at 5.50% (SDF 5.25%, MSF/Bank Rate 5.75%) and to retain a neutral stance. The decision cites a benign near-term CPI outlook driven by food disinflation, core inflation around 4% and a retained GDP projection of 6.5% for 2025-26, while flagging upside inflation risks from base effects and global tariff/geopolitical uncertainties. The Committee emphasized continued monitoring of incoming data and ongoing transmission of prior easing.