https://www.taxtmi.com/news?id=25418 The MPC convened off cycle and, citing a broad based and persistent rise in headline and core CPI driven by global commodity and supply shocks, resolved to increase the policy repo rate and adjust the standing deposit facility and marginal standing facility/Bank Rate. The Committee unanimously voted to remain accommodative while focusing on withdrawal of accommodation to anchor inflation expectations and achieve the medium term CPI inflation target of 4 per cent, and signalled phased liquidity withdrawal and use of other instruments including an increase in the cash reserve ratio. en-us Wed, 18 May 2022 18:15:54 +0530 Wed, 18 May 2022 18:15:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25418 The MPC convened off cycle and, citing a broad based and persistent rise in headline and core CPI driven by global commodity and supply shocks, resolved to increase the policy repo rate and adjust the standing deposit facility and marginal standing facility/Bank Rate. The Committee unanimously voted to remain accommodative while focusing on withdrawal of accommodation to anchor inflation expectations and achieve the medium term CPI inflation target of 4 per cent, and signalled phased liquidity withdrawal and use of other instruments including an increase in the cash reserve ratio. News - Wed, 18 May 2022 18:15:54 +0530 https://www.taxtmi.com/news?id=25418