Retail Inflation Hits 14-Month High, MPC Expected to Keep Repo Rate Unchanged
The Monetary Policy Committee (MPC) is likely to keep the repo rate steady in its December meeting, despite a slowdown in GDP growth and rising retail inflation above 6%. While the committee may update its GDP and inflation forecasts, economists suggest that controlling inflation will remain a priority. MPC members are expected to maintain a neutral stance to support long-term price stability and growth.
By Vishal Kumar
December 1, 2024