<h1>Central Bank Keeps Repo Rate at 8%, Cuts Export Credit Refinance Amid Global and Domestic Economic Challenges.</h1> The Fourth Bi-Monthly Monetary Policy Statement for 2014-15 announced by the central bank maintained the policy repo rate at 8.0% and the cash reserve ratio at 4.0%. Liquidity measures included reducing export credit refinance from 32% to 15%. The statement highlighted a slow global recovery, weak Eurozone growth, and challenges in emerging markets. Domestically, industrial production slowed, and inflation pressures persisted, particularly in food prices. The central bank aims for an inflation target of 6% by January 2016. Developmental measures include refining the monetary policy framework, strengthening banking structures, expanding financial access, and ensuring consumer protection. The next policy review is scheduled for December 2, 2014.