RBI MONETARY POLICY
The Reserve Bank of India's (RBI's) Monetary six-member Policy ☐ Committee (MPC), led by Governor Shaktikanta Das, has decided to maintain the status quo on both policy rate and stance for the seventh consecutive time. This decision is driven by the central bank's commitment to ensuring lastmile disinflation, with Das indicating that there is no need to start reducing interest rates until inflation reaches the target of 4 per cent.
Highlighting strong momentum in economic activity, Das, in his customary policy statement, said: "Robust growth prospects provide the policy space to remain focused on inflation and ensure its descent to the target of 4.0 per cent."
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