Indias monetary policymakers have underscored the need for durable control over inflation, which faces upside risks due to volatile food and energy prices, although sustained robust growth has now given Mint Road more than adequate elbow room on rate action.
Must preserve inflation-control success on a durable basis: Das financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
MPC member Ashima Goyal: Full transmission of policy repo to loan rates not happening thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The Monetary Policy Committee (MPC) members are focusing on aligning inflation to the 4% target on a durable basis. Despite reinforcing inflation, concerns over food inflation remain, and strong growth indicators allow for pause rates for some more time. All members voted for a pause in policy rate to 6.5% and continued with the stance of "withdrawal of accommodation."