Shri Subhash Chandra Garg,Secretary,DEA: The Government welcomes the MPCs assessment and notes its decision to maintain the Policy Rate
The Secretary,Department of Economic Affairs,Shri Subhash Chandra Garg said that the Monetary Policy Committee (MPC) in its 6th bi-monthly Statement, issued on 07.02.2018, updated its inflation and real GDP growth projections for this year and for 2018-19. The Secretary,DEA,Shri Garg said that MPC expects growth to accelerate in 2018-19, while inflation to converge back towards its target level in the second half of next fiscal year. The Government welcomes the MPCs assessment and notes its decision to maintain the Policy Rate, Shri Garg added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Feb 09 2018 | 12:20 AM IST