During this period, i.e., April to June 2022, the MPC also changed its stance to withdrawal of accommodation. 19.
Overall, at this point of time, with the supply outlook appearing  favourable and several high frequency indicators pointing to resilience of the recovery in the first quarter (April-June) of 2022-23, our current assessment is that inflation may ease gradually in the second half of 2022-23, precluding the chances of a hard landing in India. Approach to Monetary Policy in Crisis Times 20.