RBI's projection of benign inflation in H2 FY23 appears to have tilted the balance in favour of status quo on rates as well as stance

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Feb 25, 2022

MPC Minutes: Accommodation uninterrupted

Projection of 4.0-4.2% inflation in H2 FY23 by the RBI appears to have tilted the balance in favour of status quo on rates as well as stance from the MPC (Jayantha Varma voted against the accommodative policy stance while arguing for the need to shift towards a neutral policy stance – the first time by any MPC member).