https://www.taxtmi.com/news?id=12305 The central bank increased the policy repo rate to reinforce a credible disinflationary strategy in response to persistently high CPI inflation and broad-based inflationary pressures, especially in services and wages, which threaten real incomes and the currency. The rate action aligns with a recommended glide path and baseline projections showing upside inflation risks; further tightening is not anticipated if disinflation follows the baseline, while faster disinflation would permit accommodation. The decision is framed alongside a weakening growth outlook and improving external balances, and accompanied by complementary reforms in market instruments and distressed-asset resolution. en-us Tue, 28 Jan 2014 11:49:07 +0530 Tue, 28 Jan 2014 11:49:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12305 The central bank increased the policy repo rate to reinforce a credible disinflationary strategy in response to persistently high CPI inflation and broad-based inflationary pressures, especially in services and wages, which threaten real incomes and the currency. The rate action aligns with a recommended glide path and baseline projections showing upside inflation risks; further tightening is not anticipated if disinflation follows the baseline, while faster disinflation would permit accommodation. The decision is framed alongside a weakening growth outlook and improving external balances, and accompanied by complementary reforms in market instruments and distressed-asset resolution. News - Tue, 28 Jan 2014 11:49:07 +0530 https://www.taxtmi.com/news?id=12305