MPC holds repo rate; changes policy stance to ‘neutral’
The change in stance provides flexibility to the MPC while enabling it to monitor the progress on disinflation which is still incomplete.
The change in stance provides flexibility to the MPC while enabling it to monitor the progress on disinflation which is still incomplete.
The Monetary Policy Committee cuts repo rate by 25 bps again, retains stance at neutral and cuts FY20 GDP forecast.