Highlights of the February monetary policy

• The MPC voted unanimously to cut policy rates by 25 bps – the repo rate is now 6.25%, standing deposit facility rate is 6.00% and marginal standing facility (MSF) rate is 6.50%
• The MPC decided unanimously not to change its ‘neutral’ stance
• The MPC expects Consumer Price Index (CPI) inflation to ease to 4.2% in fiscal 2026 from an expected 4.8% in current year
• The MPC projects India’s gross domestic product (GDP) growth to rise 6.7% in fiscal 2026 from 6.4%1 in fiscal 2025