<h1>Central Bank Slashes Policy Rates by 50 Bps, Signals Neutral Stance with Limited Future Cuts and Growth Projection</h1> The central bank reduced policy rates by 50 basis points, bringing the repo rate to 5.5%, the lowest in three years. The Governor indicated very limited space for further rate cuts, projecting growth at 6.5% and inflation at 3.7%. The monetary policy stance shifted to 'neutral' from 'accommodative'. A significant Cash Reserve Ratio cut of 100 basis points will unlock 2.5 lakh crore rupees of liquidity by December, potentially boosting credit flow to productive sectors.