inflation: MPC stresses need for aligning to the 4 per cent target on a durable basis

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."

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