The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to slightly lower the inflation forecast and keep the repo rate unchanged at its upcoming meeting, according to the Chief Economist of Bank of Baroda. Inflation has remained below five percent and is expected to remain within the RBI’s target range in the coming months. Additionally, liquidity has increased, indicating that the MPC’s stance is unlikely to change. The Consumer Price Index (CPI) inflation moderated in April, reaching 4.7% year-on-year, and remaining within the target range for the second consecutive month. The MPC may lower inflation forecast marginally, according to the economist.
RBI’s Monetary Policy Committee Expected to Slightly Reduce Inflation Forecast: Bank of Baroda Economist
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