https://www.taxtmi.com/news?id=27551 The Monetary Policy Committee decided to keep the policy repo rate unchanged and to continue with withdrawal of accommodation to ensure CPI inflation progressively aligns to the medium term target while supporting growth. The MPC cited resilient domestic activity and an upgraded growth projection alongside persistent and elevated food inflation that risks spilling into core inflation and expectations. The Committee adopted a cautious, data dependent stance, published member votes showing a majority for status quo and minorities favoring a rate cut and neutral stance, and recorded the statutory publication schedule. en-us Sat, 22 Jun 2024 13:58:06 +0530 Sat, 22 Jun 2024 13:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27551 The Monetary Policy Committee decided to keep the policy repo rate unchanged and to continue with withdrawal of accommodation to ensure CPI inflation progressively aligns to the medium term target while supporting growth. The MPC cited resilient domestic activity and an upgraded growth projection alongside persistent and elevated food inflation that risks spilling into core inflation and expectations. The Committee adopted a cautious, data dependent stance, published member votes showing a majority for status quo and minorities favoring a rate cut and neutral stance, and recorded the statutory publication schedule. News - Sat, 22 Jun 2024 13:58:06 +0530 https://www.taxtmi.com/news?id=27551