 "RBI, Reserve bank of india")
The perception of a sharp rise in inflationary expectation, with inadequate transmission of prior monetary policy changes, led to the unanimous decision for a pause in the earlier interest rate easing cycle at the Reserve Bank.
The minutes of the latest meeting of the Monetary Policy Committee (MPC) were released on Thursday. The MPC decides on the benchmark policy rate of RBI. It comprises six members, three from the central bank and three others appointed by the central government; the RBI governor is chairman.
At the meeting, the members said they expected the counter- cyclical measures taken by the government, along with
