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Loans May Get Cheaper As Shaktikanta Das-Led RBI Cuts Key Lending Rate
The central bank also changed its policy stance to "neutral" The reverse repo rate under the LAF now stands adjusted to 6% The marginal standing facility rate now stands adjusted to 6.5%
07 Feb 2019, 12:31 PM IST 
RBI Governor Shaktikanta Das said the decision to change the policy stance was unanimous
Four of six members of the MPC voted to cut the rates, while all six voted for a change in the stance.
The central bank's decision on the shift to a "neutral" policy stance was broadly in line with economists' expectations. According to a January 24 Reuters poll, two-thirds of 65 economists expected the RBI to hold the repo rate at 6.50 per cent, while most respondents predicted the MPC to switch to a neutral stance. Nearly half ...
