RBI had cut interest rates in the year 2020 during the time of Kovid. That is, after 5 years, now the public has got this gift. At the same time, the repo rate has remained at 6.5% since February 2023. The cut in interest rates is a big relief for the common people because it will have a direct impact on their pockets.
RBI Monetary Policy 2025: The results of the three-day meeting of RBI Monetary Policy FY2024-25 have come out. Announcing the results of the meeting, the new RBI Governor Sanjay Malhotra has announced a 0.25% cut in the repo rate. With this, the repo rate has now come down from 6.50% to 6.25. The governor said that all the members of the meeting were in favor of the cut.
Let us tell you that earlier RBI had cut interest rates in May 2020 during Kovid. That is, after a full 5 years, now the public has got this gift. At the same time, the repo rate has remained at 6.5% since February 2023. The cut in interest rates is a big relief for the common people because it will have a direct impact on their pockets. This will have a direct impact on the EMI of all your loans.
Governor Sanjay Malhotra’s first meeting
This is Sanjay Malhotra’s first policy as governor. During the speech, he said that the inflation rate is close to the target. Flexible inflation target has had a better impact on the economy. Will make changes in the framework related to inflation target. There is an effort to maintain balance regarding regulation. Will continue talks on regulation with the concerned parties. The new rules will be implemented in a phased manner.
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