The Reserve Bank of India or RBI announced minutes of the monetary policy committee (MPC) meeting held on February 6 to 8, 2024. RBI Governor Shaktikanta Das stated that CPI inflation has fallen decisively from the heightened levels of last summer, led by steady and sustained disinflation in core, though there have been intermittent interruptions caused by adverse food price shocks. Inflation is expected to soften further to an average of 4.5 per cent in 2024-25 with a fleeting trough of 4 per cent in Q2.
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