Question
With reference to the Monetary Policy Committee
decision, what was the policy repo rate kept unchanged at?Solution
The Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 5.25%. This decision was taken unanimously, indicating consensus among all members. The unchanged rate reflects policy continuity and stability. The repo rate at 5.25% serves as the benchmark rate at which the central bank lends to commercial banks, influencing overall lending and borrowing costs in the economy.
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