Question

Which of the following statements is/are correct regarding the RBI's policy stance and recent economic predictions? 1. State Bank of India's economic research department predicts the RBI will revisit its "withdrawal of accommodation" policy stance around September 2024. 2. June 2024 U.S. inflation declined by 0.1% (month-on-month), putting the 12-month rate at 3%, potentially leading to a Fed rate cut by September. 3. At the June 5-7, 2024 MPC meeting, members Ashima Goyal and Jayant Varma successfully argued for a 25 basis points repo rate cut, bringing the rate to 6.25%.

A Only statement 1 is correct.
B Only statement 2 is correct
C Only statements 1 and 2 are correct
D Only statements 2 and 3 are correct
E All statements are correct.
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