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    <title>Governor’s Statement – Second Bi-Monthly Monetary Policy, 2019-20, June 6, 2019.</title>
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    <description>The MPC reduced the policy repo rate by 25 basis points and shifted to an accommodative stance, citing subdued domestic growth, below target inflation with balanced risks, and global slowdown risks. The Reserve Bank announced liquidity injections via OMOs and a dollar swap, noted partial transmission to lending rates, revised inflation and GDP projections, and committed to ensuring adequate liquidity. Regulatory measures include calibrated minimum Leverage Ratio requirements, draft guidelines for on tap Small Finance Bank licensing, review of Core Investment Company regulation, a liquidity management working group, a retail forex trading platform, expanded retail access to government securities, removal of RTGS/NEFT charges, and an ATM fees review committee.</description>
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