Quick Summary
Monetary Policy Decisions After assessing the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (October 9, 2024) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent. Consequently
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FAQ :
The Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.50 per cent.
The monetary policy stance has been changed to 'neutral'.
The focus is on achieving a durable alignment of inflation with the target, while simultaneously supporting economic growth.
Real GDP growth for 2024-25 is projected at 7.2 per cent.
CPI inflation for 2024-25 is projected at 4.5 per cent.
The minutes of the MPC's meeting will be published on October 23, 2024.
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