https://www.taxtmi.com/news?id=23013 The Monetary Policy Committee kept the policy repo rate unchanged and retained an accommodative stance to support recovery from COVID-19 while pursuing the medium-term CPI inflation target of 4 percent +/-2 percent. The MPC noted a fragile global outlook, tentative domestic recovery with agriculture outperforming and continued contraction in industry and services, abundant systemic liquidity from Reserve Bank measures, improved transmission to lending rates, and uncertain inflation dynamics driven by food supply disruptions and cost-push pressures. The MPC emphasised judicious use of available policy space and remained watchful of incoming data. en-us Thu, 06 Aug 2020 13:34:23 +0530 Thu, 06 Aug 2020 13:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23013 The Monetary Policy Committee kept the policy repo rate unchanged and retained an accommodative stance to support recovery from COVID-19 while pursuing the medium-term CPI inflation target of 4 percent +/-2 percent. The MPC noted a fragile global outlook, tentative domestic recovery with agriculture outperforming and continued contraction in industry and services, abundant systemic liquidity from Reserve Bank measures, improved transmission to lending rates, and uncertain inflation dynamics driven by food supply disruptions and cost-push pressures. The MPC emphasised judicious use of available policy space and remained watchful of incoming data. News - Thu, 06 Aug 2020 13:34:23 +0530 https://www.taxtmi.com/news?id=23013