Current Affairs · Monetary Policy & Economy
Consider the following statements regarding the inflation and policy data points from the Reserve Bank of India's February Monetary Policy Review: 1. The Consumer Price Index (CPI) inflation dropped to 0.7% in November and 1.3% in December, a trend largely driven by sustained food deflation. 2. Driven by moderating inflation pressures, the Monetary Policy Committee (MPC) unanimously reduced the policy repo rate to 5.25% and shifted to an accommodative stance. 3. The MPC projected the full-year 2025–26 inflation at 2.1%, estimating that higher precious metals prices will contribute 60–70 basis points to the headline inflation. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only✓
- 21 and 2 only
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1 and 3 only
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