With an unwavering commitment to steer inflation back to the 2% mark over the medium term, the committee hints that if persistent inflationary pressures arise, they might consider further tightening. Conclusion and Market Implications The MPC’s decision to hold the rate resonates with the broader narrative of a decelerating economy juxtaposed with stubborn inflationary pressures. While a cautious optimism surrounds the prospect of inflation rates nearing the target in coming years, the erratic dance of global events and domestic economic trends could sway future MPC decisions.