even though the industrial sector continues to struggle, which is partly due to a debt overhang.
RBI Monetary Policy 2019 Highlights: More money in your hands; Repo rate cut by 25 monetary policy statement The central bank also changed its policy stance from ‘neutral’ to ‘accommodative’. Share Via Email
The six-member monetary policy committee (MPC) cut the repo rate to 5.75 percent as predicted by 44 of 66 analysts polled by Reuters last week. The reverse repo rate was reduced to 5.50 percent. All six of the MPC members voted for a 25 basis points cut, and for the policy stance to be changed to "accommodative" from "neutral".