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RBI cut repo rate by 25 basis points
Published on June 6, 2019
The Reserve bank of India in its bi-monthly monetary policy review today reduced the repo rate under the liquidity adjustment facility (LAF) by 25 basis points.
Consequently, the reverse repo rate under the LAF stands adjusted to 5.50 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.0 per cent.
The six-member Monetary Policy Committee headed by RBI Governor Shaktikanta Das also decided to change the stance of monetary policy from neutral to accommodative.
These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of plus or minus 2 per cent.
