RBI Monetary Policy Committee Meeting 2025: Key announcements

The rate-setting six-member monetary policy committee (MPC) on Wednesday voted unanimously to cut the policy repo rate by 25 basis points (bps) from 6.25 per cent to 6 per cent to support growth, which could face headwinds from the ongoing global tariff war. This comes in the backdrop of the latest retail inflation reading coming in below the 4 per cent target. Governor Sanjay Malhotra observed that there is greater confidence about alignment of retail inflation with the 4 per cent target over 12 months. Along with the rate cut, the MPC also voted unanimously to change the monetary policy stance from “neutral” to “accommodative”.