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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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