RBI Monetary Policy Committee (MPC) Meeting Highlights December 2023,Inflation is top priority.
Banking & Finance
RBI MPC Meeting Highlights | RBI’s Monetary Policy News & Outcomes: RBI Governor Shaktikanta Das has said the assumption of status quo as neutral stance is not correct. Monetary policy continues to be actively disinflationary, the Governor added. In view of the uncertainties, RBI denies to give any forward guidance on the interest rate trajectory. The CPI for November is expected to be high, he added. RBI MPC has kept the key policy repo rate unchanged at 6.5% by a unanimous decision. This is the fifth meeting on the trot that the MPC decided to maintain the status quo on the repo rate. Notably, 5 out 6 MPC members voted in favour of withdrawal of accommodation. RBI raised the GDP growth projection for FY24 to 7% from 6.5% earlier.
About RBI (Reserve Bank of India):
Governor : Shaktikanta Das
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