New Delhi, May 29 -- The Reserve Bank of India expressed increased confidence in achieving its inflation target of 4 percent within the next twelve months, citing recent benign consumer price inflation data in its annual report for 2024-25 released Thursday.

The central bank's assessment reflects a notable shift in the inflation trajectory, supporting expectations for monetary policy adjustments aligned with economic growth requirements.

The monetary policy committee has implemented accommodative measures since February, reducing the policy repo rate by a cumulative 50 basis points and formally adopting a growth-supportive stance in April.

These decisions underscore the central bank's strategic focus on supporting economic expansion wh...