Diabytes
MPC Meet News
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A Type II error occurs when the central bank fails to reject the null hypothesis, assuming that the inflation undershoot is temporary, and hence does not cut rates—but in reality, inflation remains persistently low and the output gap continues to weaken.
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RBI MPC Meeting Live: Apart from the repo rate, the RBI Governor will also talk about growth projection, state of inflation, CPI inflation and GDP growth outlook for the Indian economy among other things.
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