https://www.taxtmi.com/news?id=27523 The Monetary Policy Committee kept the policy repo rate at 6.50 per cent and left related facility rates unchanged, while committing to continued withdrawal of accommodation to align CPI inflation with the 4 per cent medium term target, balancing the objective with support for growth. Real GDP for 2024 25 is projected at 7.2 per cent and CPI inflation at 4.5 per cent, with risks from food inflation, commodity and financial market volatility judged evenly balanced. Voting was 4-2 with two members advocating a rate cut and a neutral stance. en-us Fri, 07 Jun 2024 14:15:01 +0530 Fri, 07 Jun 2024 14:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27523 The Monetary Policy Committee kept the policy repo rate at 6.50 per cent and left related facility rates unchanged, while committing to continued withdrawal of accommodation to align CPI inflation with the 4 per cent medium term target, balancing the objective with support for growth. Real GDP for 2024 25 is projected at 7.2 per cent and CPI inflation at 4.5 per cent, with risks from food inflation, commodity and financial market volatility judged evenly balanced. Voting was 4-2 with two members advocating a rate cut and a neutral stance. News - Fri, 07 Jun 2024 14:15:01 +0530 https://www.taxtmi.com/news?id=27523