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Economy - February 8, 2025

MPC meeting: New external members voted in unison for the first time

MPC meeting: New external members voted in unison for the first time

The Monetary Policy Committee's unanimous vote led to a 25 basis point cut in the repo rate to 6.25%, marking the first reduction in nearly 33 months. New members, including Governor Sanjay Malhotra, supported the synchronized decision. The committee emphasized addressing inflation driven by supply-side shocks and improving macroeconomic outcomes using flexible frameworks.

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