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    <title>Monetary Policy Statement, 2022-23 Resolution of the Monetary Policy Committee (MPC) April 6-8, 2022</title>
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    <description>The Monetary Policy Committee decided to keep the policy repo rate unchanged, with the MSF and Bank Rate unchanged and the standing deposit facility set as the floor of the LAF corridor. The MPC will remain accommodative while focusing on withdrawal of accommodation to ensure inflation stays within the medium term target of 4 per cent ( 2 per cent) while supporting growth. The stance reflects elevated global commodity prices, supply disruptions, domestic inflation breaching the tolerance band, and balanced growth risks.</description>
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