https://www.taxtmi.com/news?id=25534 The MPC increased the policy repo rate by fifty basis points to 4.90 per cent, adjusted the LAF corridor (including SDF and MSF/Bank Rate), and changed its stance from accommodative language to a focus on withdrawal of accommodation to anchor inflation expectations while supporting growth. The committee noted elevated global commodity-driven inflation, revised headline CPI projection for 2022-23 to 6.7 per cent, retained real GDP growth projection at 7.2 per cent, and unanimously voted for the measures to moderate inflation and ensure transmission. en-us Wed, 22 Jun 2022 18:52:32 +0530 Wed, 22 Jun 2022 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25534 The MPC increased the policy repo rate by fifty basis points to 4.90 per cent, adjusted the LAF corridor (including SDF and MSF/Bank Rate), and changed its stance from accommodative language to a focus on withdrawal of accommodation to anchor inflation expectations while supporting growth. The committee noted elevated global commodity-driven inflation, revised headline CPI projection for 2022-23 to 6.7 per cent, retained real GDP growth projection at 7.2 per cent, and unanimously voted for the measures to moderate inflation and ensure transmission. News - Wed, 22 Jun 2022 18:52:32 +0530 https://www.taxtmi.com/news?id=25534