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    <description>The MPC maintained the policy repo rate and existing rate corridor, reiterated focus on withdrawal of accommodation to ensure disinflation and anchor inflation expectations while supporting growth, and projected GDP and CPI trajectories noting food price volatility and upside risks. The committee observed that policy transmission is still acting and recorded a majority vote for status quo with a minority preferring a rate cut and a neutral stance; minutes and next meeting dates were announced.</description>
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