https://www.taxtmi.com/news?id=26273 The MPC resolved to raise the policy repo rate by 25 basis points to 6.50 per cent, adjust SDF, MSF and Bank Rate accordingly, and continue withdrawal of accommodation to ensure inflation is steered towards the medium term CPI target while supporting growth. The Committee detailed macro assessments showing resilient domestic activity, elevated core inflation despite recent headline moderation driven by vegetables, projection of higher near term inflation with gradual moderation, a GDP growth projection for the next year, articulation of upside and downside risks, and a recorded 4-2 vote split with individual member statements. en-us Thu, 23 Feb 2023 16:45:46 +0530 Thu, 23 Feb 2023 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26273 The MPC resolved to raise the policy repo rate by 25 basis points to 6.50 per cent, adjust SDF, MSF and Bank Rate accordingly, and continue withdrawal of accommodation to ensure inflation is steered towards the medium term CPI target while supporting growth. The Committee detailed macro assessments showing resilient domestic activity, elevated core inflation despite recent headline moderation driven by vegetables, projection of higher near term inflation with gradual moderation, a GDP growth projection for the next year, articulation of upside and downside risks, and a recorded 4-2 vote split with individual member statements. News - Thu, 23 Feb 2023 16:45:46 +0530 https://www.taxtmi.com/news?id=26273