https://www.taxtmi.com/news?id=27438 The MPC decided to keep the policy repo rate unchanged and maintain related facility rates, while remaining focused on withdrawal of accommodation to ensure CPI inflation converges to the medium term target of 4 per cent 2 per cent, supporting growth. Real GDP for 2024-25 is projected at 7.0 per cent and CPI inflation for 2024-25 at 4.5 per cent, with risks from food price volatility, climate shocks, geopolitical tensions and financial market volatility. The majority voted to keep rates and pursue withdrawal of accommodation; one member dissented in favour of a rate reduction and neutral stance. en-us Fri, 05 Apr 2024 14:59:35 +0530 Fri, 05 Apr 2024 14:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27438 The MPC decided to keep the policy repo rate unchanged and maintain related facility rates, while remaining focused on withdrawal of accommodation to ensure CPI inflation converges to the medium term target of 4 per cent 2 per cent, supporting growth. Real GDP for 2024-25 is projected at 7.0 per cent and CPI inflation for 2024-25 at 4.5 per cent, with risks from food price volatility, climate shocks, geopolitical tensions and financial market volatility. The majority voted to keep rates and pursue withdrawal of accommodation; one member dissented in favour of a rate reduction and neutral stance. News - Fri, 05 Apr 2024 14:59:35 +0530 https://www.taxtmi.com/news?id=27438