https://www.taxtmi.com/news?id=25673 The Monetary Policy Committee decided to raise the policy repo rate with corresponding adjustments to standing facility rates and to pursue withdrawal of accommodation to ensure inflation is brought within the medium term inflation target while supporting growth. The decision was taken in light of CPI inflation persisting above the tolerance band, elevated core inflation, resilient domestic demand, surplus liquidity conditions, and risks from global monetary tightening and commodity volatility. The resolution records the Committee's voting positions and signals further minutes and future meetings. en-us Fri, 05 Aug 2022 13:10:01 +0530 Fri, 05 Aug 2022 13:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25673 The Monetary Policy Committee decided to raise the policy repo rate with corresponding adjustments to standing facility rates and to pursue withdrawal of accommodation to ensure inflation is brought within the medium term inflation target while supporting growth. The decision was taken in light of CPI inflation persisting above the tolerance band, elevated core inflation, resilient domestic demand, surplus liquidity conditions, and risks from global monetary tightening and commodity volatility. The resolution records the Committee's voting positions and signals further minutes and future meetings. News - Fri, 05 Aug 2022 13:10:01 +0530 https://www.taxtmi.com/news?id=25673