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      Question

      What was the decision of the Monetary Policy Committee

      (MPC) on August 8, 2024, regarding the repo rate?
      A Increased to 7.0% Correct Answer Incorrect Answer
      B Decreased to 5.5% Correct Answer Incorrect Answer
      C Unchanged at 6.50% Correct Answer Incorrect Answer
      D Reduced to 6.25% Correct Answer Incorrect Answer
      E Increased to 6.75% Correct Answer Incorrect Answer

      Solution

      The MPC decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50% to achieve the medium-term target for CPI inflation.

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