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<h1>Policy repo rate reduction shifts stance to accommodative, supporting growth while seeking to anchor CPI inflation expectations.</h1> The Monetary Policy Committee unanimously reduced the policy repo rate by 25 basis points, adjusted related standing facility rates, and shifted the stance to accommodative to support growth while targeting CPI inflation of 4 per cent. Projections include real GDP growth of 6.5 per cent for 2025-26 and CPI inflation at 4.0 per cent, with the MPC noting recent declines in headline inflation, improved food inflation prospects, and persistent global and weather-related upside risks that require continued monitoring.