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High growth can be secured only via price stability: RBI policy minutes
The Daily Guardian
|December 21, 2024
The MPC remains committed to restoring the balance between inflation and growth in the overall interest of the economy, the minutes documents released Friday showed. Accordingly, the MPC decided to keep the policy repo rate unchanged at 6.50 per cent, its eleventh on a trot.
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Strong foundations for high growth can be secured only with durable price stability, the monetary policy committee of the Reserve Bank of India (RBI) emphasized before keeping the policy rate unchanged in the latest meeting.
"The MPC emphasises that strong foundations for high growth can be secured only with durable price stability," the minutes of the three-day monetary policy meeting held in early December read.
This story is from the December 21, 2024 edition of The Daily Guardian.
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