Mumbai, Oct. 15 -- The Reserve Bank of India announced minutes of its latest Monetary Policy Committee (MPC) meeting of the, held during September 29, 30 and October 1, 2025. MPC member Dr. Nagesh Kumar noted that the inflationary expectations remain well-anchored, and the average headline inflation has trended down, with projections for 2025-26 have now been revised downwards to 2.6% from 3.7% in the June MPC meeting. The GST reforms are also likely to push it down further. Therefore, the benign inflation outlook opens up policy space for monetary action.

Saugata Bhattacharya stated that despite the continuing moderation in inflation opening up space for further monetary policy easing, the arguments for a pause in my August 2025 stateme...