https://www.taxtmi.com/news?id=33293 The Monetary Policy Committee unanimously reduced the policy repo rate by 25 basis points and retained a neutral stance, using available policy space to support growth as inflation moderates. The Governor emphasised a commitment to the 4 per cent inflation midpoint within a flexible targeting range, careful, data dependent calibration of future decisions, provision of sufficient liquidity as required, and foreign exchange intervention to limit excessive volatility rather than to target a specific exchange rate band. Transmission is expected to lower lending rates and moderate returns on savings. en-us Fri, 07 Feb 2025 19:16:02 +0530 Fri, 07 Feb 2025 19:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33293 The Monetary Policy Committee unanimously reduced the policy repo rate by 25 basis points and retained a neutral stance, using available policy space to support growth as inflation moderates. The Governor emphasised a commitment to the 4 per cent inflation midpoint within a flexible targeting range, careful, data dependent calibration of future decisions, provision of sufficient liquidity as required, and foreign exchange intervention to limit excessive volatility rather than to target a specific exchange rate band. Transmission is expected to lower lending rates and moderate returns on savings. News - Fri, 07 Feb 2025 19:16:02 +0530 https://www.taxtmi.com/news?id=33293