RBI cuts repo rate by 25 bps, changes stance to ‘accommodative’; raises hopes for more cuts

Highlights of the RBI’s monetary policy announcement > RBI to do away with payment charges on RTGS, NEFT transactions > RBI lowers GDP growth target to 7% from 7.2% for FY20 > MPC cuts repo rate by 25 bps, changes policy stance to "accommodative" * Repo rate reduced by 25 bps to 5.75 percent for third time in a row

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The Reserve Bank on Tuesday cut the key interest rate by 0.25 per cent and introduced a host of measures to smoothen liquidity supply so that banks can lend to the productive sectors and indicated.

This is the third time on the trot that the six-member MPC has decided on a 25-basis points rate cut, making it a hat-trick of repo rate cuts. The rate cut also comes in the backdrop of benign.

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Shaktikanta Das led RBI MPC cuts repo rates by 25 bps; experts react, this is what they said 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 +/- 2 per cent, while supporting growth.

The central bank’s statement noted that while the decision to change the monetary policy stance was unanimous, two members of the MPC — non-RBI. cut in the repo rate, we believe that the cut of 25.

We do hope that the RBI shall continue the accommodative stance in subsequent months as well.” LAKSHMI IYER, CHIEF INVESTMENT OFFICER (DEBT) & HEAD PRODUCTS, KOTAK MAHINDRA ASSET MANAGEMENT COMPANY.

RBI cuts repo rate by 25 bps to 6.5%; raises reverse repo. mumbai: The Reserve Bank today cut the key interest rate by 0.25 per cent and introduced a host of measures to smoothen liquidity supply so that banks can lend to the productive sectors and indicated accommodative stance going ahead. Given weak private investment in the face.

Read more about rbi increases repo rate by 25 bps to 6.25%; maintains neutral stance on Business Standard. The central bank’s April policy tone was dovish and it had actually lowered inflation forecasts for the first and second half of 2018-19

For the third time in a row, the RBI cuts the repo rate cut by 25 basis points. It will definitely spur growth for the real estate sector specifically. The decision changes the stance of monetary policy from neutral to accommodative and to cut the policy repo rate brings it below 6 percent is the first time since September 2010.