The RBI Governor says that monetary policy can support sustainable growth only by maintaining price stability
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Despite inflation falling below the apex bank's target of 4 per cent for the past two months, the policy rates will not change in the MPC meeting commencing on 7 October, as per BoB report
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The central bank says treating food price spikes as merely temporary is increasingly untenable, particularly as these price pressures threaten to spill over into more generalised inflation
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The decision of the MPC (Monetary Policy Committee) will be declared on June 7 (Friday)
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