RBI Governor Shaktikanta Das underscored the importance of preserving the success in controlling inflation and achieving a durable 4 percent inflation target during the recent Monetary Policy Committee (MPC) meeting. Despite bright economic growth prospects, concerns over supply-side shocks and geopolitical developments were raised by other MPC members. The minutes of the meeting revealed a majority vote for maintaining the status quo on the benchmark lending rate, with one member advocating for a rate reduction to boost growth.
RBI Governor Emphasizes Need for Sustained Inflation Control at MPC Meeting
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