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    <title>Minutes of the Monetary Policy Committee Meeting, December 4 to 6, 2024 [Under Section 45ZL of the Reserve Bank of India Act, 1934]</title>
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    <description>The MPC meeting under Section 45ZL concluded with a resolution to keep the policy repo rate unchanged and to continue a neutral monetary policy stance focused on a durable alignment of CPI inflation with the medium term target while supporting growth. The minutes set out the macroeconomic and inflation outlook underpinning this choice-weak Q2 GDP driven by industrial slowdown, elevated food led headline inflation with core uptick, projected quarter by quarter GDP and CPI trajectories with evenly balanced risks-and record the voting split and individual member statements proposing alternative measures including a repo rate cut and non rate liquidity options.</description>
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