The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday said inflationary pressures have continued to ease, aided by recent GST rate cuts, a benign outlook on food prices, and improved supply conditions. The central bank, which has been signalling a disinflationary trend for several months, has now lowered its inflation estimate for FY2025–26. For the full year FY26, the RBI has projected headline inflation at 2%, marking a shift from the 2.6% estimate announced in October. The MPC also released updated quarterly projections: 0.6% for Q3, 2.9% for Q4, 3.9% for Q1, and 4.0% for Q2 of FY27.