<p>The Centre on Friday welcomed the decision of the Monetary Policy Committee (MPC) to maintain a status quo on the <a href="https://www.deccanherald.com/business/rbi-keeps-repo-rate-25-bps-696340.html" target="_blank">policy interest rates </a>and said its projections on economic growth and inflation were in consonance with that of the government.</p>.<p>“The decision of the MPC is in consonance with the Government’s assessment of inflation and growth going forward and for achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%., while supporting growth,” the Finance Ministry said in a statement.</p>.<p>The MPC in its fourth bi-monthly statement decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5%.</p>.<p>The GDP growth projection for 2018-19 was retained at 7.4% as in the August resolution. The projections of inflation for 2018-19 and the first quarter (April-June) of 2019-20 were revised downwards from the August resolution.</p>.<p>“The government welcomes the MPC’s assessment and notes its decision to maintain the policy rate,” the ministry said.</p>
<p>The Centre on Friday welcomed the decision of the Monetary Policy Committee (MPC) to maintain a status quo on the <a href="https://www.deccanherald.com/business/rbi-keeps-repo-rate-25-bps-696340.html" target="_blank">policy interest rates </a>and said its projections on economic growth and inflation were in consonance with that of the government.</p>.<p>“The decision of the MPC is in consonance with the Government’s assessment of inflation and growth going forward and for achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%., while supporting growth,” the Finance Ministry said in a statement.</p>.<p>The MPC in its fourth bi-monthly statement decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5%.</p>.<p>The GDP growth projection for 2018-19 was retained at 7.4% as in the August resolution. The projections of inflation for 2018-19 and the first quarter (April-June) of 2019-20 were revised downwards from the August resolution.</p>.<p>“The government welcomes the MPC’s assessment and notes its decision to maintain the policy rate,” the ministry said.</p>
