MUMBAI : Economists on Thursday welcomed the Reserve Bank's decision to keep the policy rate unchanged as uncertainties around growth and inflation continue to remain amid the COVID-19 pandemic.The six-member Monetary Policy Committee (MPC) left the repo rate unchanged at 4 per cent and decided to continue with the accommodative stance as long as necessary to revive growth, while ensuring that inflation remains within the target."The decision to hold the policy rate was correct as the trajectory of economic growth, inflation, and external demand continues to be uncertain.
The calibrated approach is in consonance with evolving situation while keeping enough headroom for future," SBI's Group Chief Economic Adviser Soumya Kanti Ghosh said.On.