https://www.taxtmi.com/news?id=45762 The central bank will issue a bi monthly monetary policy statement after a three day MPC meeting, with markets widely expecting a further repo rate reduction following prior cuts earlier in the year. The earlier reductions have led most banks to lower repo linked external benchmark lending rates and MCLRs, and a lower policy rate is intended to transmit through bank lending rates to reduce EMIs for borrowers. The MPC comprises three internal central bank members and three government appointed external members. en-us Thu, 05 Jun 2025 16:31:04 +0530 Thu, 05 Jun 2025 16:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45762 The central bank will issue a bi monthly monetary policy statement after a three day MPC meeting, with markets widely expecting a further repo rate reduction following prior cuts earlier in the year. The earlier reductions have led most banks to lower repo linked external benchmark lending rates and MCLRs, and a lower policy rate is intended to transmit through bank lending rates to reduce EMIs for borrowers. The MPC comprises three internal central bank members and three government appointed external members. News - Thu, 05 Jun 2025 16:31:04 +0530 https://www.taxtmi.com/news?id=45762