The Monetary Policy Committee (MPC) has not compromised on its primary mandate of price stability by continuing with an accommodative stance, even as central banks in developed countries are on course to adopt a tighter monetary policy in view of high inflation, after a prolonged period of ultra-loose monetary policy, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday. “We have continued with our accommodative stance based on our own domestic growth-inflation dynamics, amidst the current divergence in policy actions of central banks across the world,” the RBI governor, who chairs the MPC, said while speaking at the National Defence College. “Thus, we have used the flexibility embedded in the flexible inflation targeting (FIT) framework and implemented our monetary policies, without compromising on our primary mandate of price stability.” In the recently concluded meeting of India’s rate-setting body, the six-member committee voted to keep the benchmark policy rates u