RBI MPC_Feb’24: Cautious Optimism on Growth, Optimistic Caution on Inflation

The Report outlines the monetary policy decisions taken by the RBI. Major rates such as the repo were kept unchanged. Further, the stance was kept unchanged, while giving the caveat that it refers to the extent of policy transmission and inflation control, and not necessarily to liquidity conditions. The Central Bank published its real GDP growth outlook and inflation projections for FY25. The policy actions reflect the desire to keep building countercyclical buffers.

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