RBI rate panel focuses more on inflation, plays down growth worry

RBI's six-member MPC decided unanimously to keep policy repo rate unchanged at 6.25% on Dec 7

All the six members of the monetary policy committee (MPC) agreed that the repo rate should remain unchanged in the December policy. The minutes of the meeting held on December 6-7th also revealed that the MPC believes that the effects arising out of demonetisation is transitory in nature and instead one need to focus on achieving the inflation target.

"The impact of the withdrawal of SBNs on growth and inflation, while uncertain, is transitory. Against this backdrop, it is important for monetary policy to stay focused on the medium-term and strive to achieve, on a durable basis, the