Minutes of the Monetary Policy Committee Meeting, February 6 to 8, 2024 [Under Section 45ZL of the Reserve Bank of India Act, 1934] https://www.taxtmi.com/news?id=27319 The MPC decided to keep the policy repo rate unchanged and to continue the stance of withdrawal of accommodation to ensure inflation progressively aligns with the medium term CPI target of 4% (+/ 2%) while supporting growth. The resolution was adopted by a 5-1 vote. Projections accompanying the decision set real GDP at 7.0% for 2024-25 and CPI inflation at 5.4% for 2023-24 and 4.5% for 2024-25, with food price volatility, monetary transmission and global geopolitical and market risks identified as key upside threats to the disinflation path. en-us Thu, 22 Feb 2024 17:58:20 +0530 Thu, 22 Feb 2024 17:58:20 +0530 TaxTMI RSS Generator Minutes of the Monetary Policy Committee Meeting, February 6 to 8, 2024 [Under Section 45ZL of the Reserve Bank of India Act, 1934] https://www.taxtmi.com/news?id=27319 The MPC decided to keep the policy repo rate unchanged and to continue the stance of withdrawal of accommodation to ensure inflation progressively aligns with the medium term CPI target of 4% (+/ 2%) while supporting growth. The resolution was adopted by a 5-1 vote. Projections accompanying the decision set real GDP at 7.0% for 2024-25 and CPI inflation at 5.4% for 2023-24 and 4.5% for 2024-25, with food price volatility, monetary transmission and global geopolitical and market risks identified as key upside threats to the disinflation path. News - Thu, 22 Feb 2024 17:58:20 +0530 https://www.taxtmi.com/news?id=27319