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Uneven economic recovery nudged MPC to continue policy support: Minutes

The six-member MPC voted to keep the policy rate unchanged and continued with the accommodative stance at its meeting on February 10

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4 min read Last Updated : Feb 25 2022 | 12:10 AM IST

Members of the Monetary Policy Committee (MPC) felt that though the Indian economy was resilient in the third wave, it, however, lost some momentum and with inflation likely to soften, there is room to continue with the accommodative stance and support revival, the minutes of the MPC meeting released on Thursday revealed.

The six-member MPC voted to keep the policy rate unchanged and continued with the accommodative stance at its meeting on February 10. However, external member Jayanth Verma voted against the stance because he felt a switch to neutral was long overdue and the current stance has become counterproductive and

Topics : monetary policy committee Indian Economy RBI Policy MPC minutes MPC

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