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    <title>Minutes of the Monetary Policy Committee Meeting, October 6 to 8, 2021 [Under Section 45ZL of the Reserve Bank of India Act, 1934]</title>
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    <description>The MPC decided to keep the policy repo rate unchanged at 4.0 per cent, maintain the reverse repo at 3.35 per cent and MSF/Bank Rate at 4.25 per cent, and continue an accommodative stance as long as necessary to revive and sustain growth while ensuring CPI inflation is guided toward the medium term target of 4 per cent within a +/- 2 per cent band. This followed review of macroeconomic projections, surveys and risks; headline inflation has moderated but core inflation and fuel prices remain elevated, and real GDP recovery is uneven though projected at 9.5 per cent for 2021 22. All members voted to keep the repo rate unchanged; one member recorded reservations on the accommodative stance.</description>
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    <pubDate>Fri, 22 Oct 2021 18:11:25 +0530</pubDate>
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      <description>The MPC decided to keep the policy repo rate unchanged at 4.0 per cent, maintain the reverse repo at 3.35 per cent and MSF/Bank Rate at 4.25 per cent, and continue an accommodative stance as long as necessary to revive and sustain growth while ensuring CPI inflation is guided toward the medium term target of 4 per cent within a +/- 2 per cent band. This followed review of macroeconomic projections, surveys and risks; headline inflation has moderated but core inflation and fuel prices remain elevated, and real GDP recovery is uneven though projected at 9.5 per cent for 2021 22. All members voted to keep the repo rate unchanged; one member recorded reservations on the accommodative stance.</description>
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      <pubDate>Fri, 22 Oct 2021 18:11:25 +0530</pubDate>
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