Business Standard

RBI MPC minutes show deepening concerns over inflation pressures

Disinflation can't rely only on food, must be firm in inflation fight, says RBI Das

Monetary policy review: All eyes on RBI today

Bhaskar Dutta Mumbai
The minutes of the Monetary Policy Committee (MPC)’s Feb 6-8 meeting showed an increasing degree of concern among most members over persistent inflationary pressures, with the rate-setting panel largely flagging stubbornly high core inflation.

At the conclusion of the meeting on February 8, the six-member MPC announced a 25-basis-point hike in the repo rate to 6.50 per cent, taking the total quantum of tightening since May 2022 to 250 basis points.

"CPI inflation has moderated primarily due to lower vegetable prices. Core inflation (i.e., consumer price index (CPI)-based inflation excluding food and fuel), however, is elevated and sticky at around

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 22 2023 | 6:58 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to