The *key highlights of the monetary policy*

The *key highlights of the monetary policy* are summarized for your reference.

Policy measures: Repo rate kept unchanged at 6.50%

GDP:Real GDP growth forecast for FY24 maintained at 6.50%

Inflation:Inflation forecast for FY24 revised upwards to 5.40% from 5.10%

Policy Stance:

Monetary Policy Committee (MPC) has maintained status quo from its last meeting, to see increased transmission of past policy rates hikes.

To remain focused on withdrawal of accommodation while ensuring inflation progressively aligns with the target while supporting growth.