RBI’s MPC unexpectedly left interest rates unchanged and shifted its monetary policy stance to `neutral,’ as it sought to assess the impact of demonetisation on inflation. The policy repo rate was left unchanged at 6.25%. “In this highly uncertain condition, the MPC exercised abundant prudence keeping the policy rate on hold… awaited a clearer and unbiased assessment of inflation,” RBI Governor told reporters after the policy decision. “It decided to shift the stance… to give us sufficient flexibility in either…
RBI MPC meeting
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