{
  "id": 15907060,
  "title": "Inflation remains top of mind, MPC minutes show",
  "url": "https://urgent.news/2026/10/21/inflation-remains-top-of-mind-mpc-minutes-show",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T14:43:57.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/inflation-remains-top-of-mind-mpc-minutes-show/articleshow/135094903.cms"
  },
  "original_language": "en",
  "account": "Inflation remained the primary concern during the monetary policy meeting as the MPC increased the benchmark repo rate by 25 basis points to 5.50%. Governor Sanjay Malhotra highlighted growing signs of generalised inflation, with 37% of commodities in the basket exceeding 4% in August, up from 20% in March. Core inflation, which excludes precious metals, rose to 4.2% in August, the first time it has moved above the target of 4% in over a year. The MPC decided to adopt a calibrated tightening stance, indicating that rate cuts are not in the near term. Deputy Governor Poonam Gupta attributed inflation to external supply-side shocks, warning that headline inflation could reach 6%. External members Nagesh Kumar and Ram Singh argued for maintaining a neutral stance due to geopolitical uncertainties and rising crude and metals prices.",
  "summary": "RBI's monetary policy committee has increased the benchmark repo rate by 25 basis points due to inflation concerns. Core inflation has shown an upward trajectory, indicating a normalization from earlier benign levels. Various members expressed views on external supply shocks impacting inflation expectations and the need for timely policy adjustments. The differing opinions highlight the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}