RBI MPC_Apr’24: Status Quo Policy: Herding the Inflation Elephant Back to Forest Durably

The RBI MPC Note Apr’24 titled “Status Quo Policy: Herding the Inflation Elephant Back to Forest Durably”, outlines major policy decisions taken by RBI as it kept policy stance and rates unchanged while focusing on sustenance of the current macroeconomic environment. Focus of policyspeak was also on rate transmission and fending off any and every disruptions to the progress of disinflation. The Central Bank revised its quarter wise growth and inflation projections while keeping FY25 projections unchanged. Further, the note delves into liquidity conditions, external sector, and key additional measures announced.