New Delhi, April 24 -- The minutes of the Monetary Policy Committee (MPC) meeting held on April 7-9 reflect a clear dovish tone, with growth now taking center stage in the RBI's policy approach.
According to a report by Union Bank of India, the MPC appears more confident about inflation gradually moving towards the 4 per cent target, which has allowed it to shift focus toward supporting economic growth.
It said "The minutes, in line with the policy statement, are clearly dovish, with growth gaining a clear policy priority as greater confidence has emerged with respect to inflation trending towards the 4 per cent target".
The report said the RBI's decision to change the monetary policy stance to "accommodative" was a significant move, e...
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