https://www.taxtmi.com/news?id=33133 The central bank reduced its policy rate to 4.50% with a majority Monetary Policy Committee vote as a measured easing response to stagnant economic growth and a downgraded growth forecast. The decision is framed as gradual and conditional, reflecting the bank's mandate to return the consumer prices index to a 2 percent target over the medium term; near term inflation is above target but judged likely to moderate, permitting cautious rate cuts while monitoring domestic and global developments and the transmission of borrowing costs to households and businesses. en-us Thu, 06 Feb 2025 18:46:03 +0530 Thu, 06 Feb 2025 18:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33133 The central bank reduced its policy rate to 4.50% with a majority Monetary Policy Committee vote as a measured easing response to stagnant economic growth and a downgraded growth forecast. The decision is framed as gradual and conditional, reflecting the bank's mandate to return the consumer prices index to a 2 percent target over the medium term; near term inflation is above target but judged likely to moderate, permitting cautious rate cuts while monitoring domestic and global developments and the transmission of borrowing costs to households and businesses. News - Thu, 06 Feb 2025 18:46:03 +0530 https://www.taxtmi.com/news?id=33133