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    <title>Minutes of the Monetary Policy Committee Meeting, December 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% (reverse repo 3.35%, MSF/Bank Rate 4.25%) and to continue an accommodative stance to support a nascent, uneven recovery while ensuring inflation remains within the medium term target; CPI inflation for 2021 22 is projected at 5.3% and real GDP growth at 9.5% with noted risks from supply disruptions, elevated core inflation and the Omicron variant. The repo rate decision was unanimous; one member dissented on retaining the accommodative stance.</description>
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