MPC minutes: Economy struggling to regain momentum of H2FY21, says Das

The need of the hour is twofold: first, continue the monetary policy support to the economy; and second, remain watchful of any durable inflationary pressures, says RBI Governor

The resurgence in inflation in May and June above the upper threshold has reignited the debate on the appropriate monetary policy response, said RBI Governor Shaktikanta Das, according to MPC minutes released on Friday.

Reserve Bank of India released minutes of the August 4-6 Monetary Policy Committee meeting on Friday.

"The need of the hour is twofold: first, continue the monetary policy support to the economy; and second, remain watchful of any durable inflationary pressures and sustained price momentum in key components so as to bring back the CPI inflation to 4 per cent over a period of time in