The six-member Monetary Policy Committee (MPC) decided to keep the repo rate on hold at 6.50 per cent, even as it continued with its disinflationary stance of “withdrawal of accommodation”. Both ...
In an off-cycle meeting in May 2022, the MPC raised the policy rate by 40 basis points and it was followed by rate hikes of varying sizes, in the subsequent meetings till February 2023. The repo rate ...