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Reserve Bank has policy space to cut interest rates, official says

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The Bank has cut the repo rate by 300 basis points so far in 2020 as inflation declined

The decline in inflation has created the policy space for the Reserve Bank to cut interest rates, a senior Bank official said on Monday.

The Bank has cut the repo rate by 300 basis points to 3.5% so far in 2020. This was as inflation dropped and then rose again to 3.2% in July, still near the lower end of the Bank’s 3%-6% inflation target range.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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Reserve Bank has policy space to cut interest rates, official saysThe Bank has cut the repo rate by 300 basis points so far in 2020 as inflation declined
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