New Delhi, Dec. 21 -- The Reserve Bank of India's Monetary Policy Committee (MPC) is likely to remain on an extended policy pause after its recent rate cut, with any further monetary easing contingent on inflation consistently undershooting its current trajectory, ICICI Bank's Economic Research Group has asserted, after analysing the minutes of the December monetary policy.

"We expect MPC to be on an extended pause. Any additional easing is possible only if inflation prints are consistently below current trajectory. In February, MPC would like to assess the impact of the new GDP and CPI series on the headline numbers," the ICICI Bank report read.

The minutes of the December MPC meeting, released on Friday, indicated that inflation has t...