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    <description>The MPC cut the policy repo rate by 25 basis points to 5.15%, maintained an accommodative stance within the CPI inflation targeting framework (4% 2%), revised CPI inflation to 3.4% for Q2:2019 20 and downgraded 2019 20 real GDP growth to 6.1%, citing weak domestic demand, global headwinds, surplus liquidity and incomplete monetary transmission.</description>
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