https://www.taxtmi.com/news?id=23049 The Monetary Policy Committee decided to keep the policy repo rate unchanged and to continue an accommodative stance to support recovery from COVID-19 while ensuring inflation returns to the medium term target band. The minutes emphasise acute pandemic related uncertainty, elevated and partly imputed CPI inflation that creates a break in the series for policy purposes, persistent supply side and cost push pressures, and the need for coordinated supply side measures alongside Reserve Bank liquidity operations and prior rate cuts to support transmission and growth. en-us Thu, 20 Aug 2020 17:58:08 +0530 Thu, 20 Aug 2020 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23049 The Monetary Policy Committee decided to keep the policy repo rate unchanged and to continue an accommodative stance to support recovery from COVID-19 while ensuring inflation returns to the medium term target band. The minutes emphasise acute pandemic related uncertainty, elevated and partly imputed CPI inflation that creates a break in the series for policy purposes, persistent supply side and cost push pressures, and the need for coordinated supply side measures alongside Reserve Bank liquidity operations and prior rate cuts to support transmission and growth. News - Thu, 20 Aug 2020 17:58:08 +0530 https://www.taxtmi.com/news?id=23049