Orrstown Financial Services Inc (NASDAQ:ORRF) Quarterly Sentiment Change Report | Finance Recorder

India’s central bank cuts rates by 25 bps; changes stance to ‘accommodative’ The six-member monetary policy committee (MPC) cut the repo rate to 5.75% as predicted by 44 of 66 analysts polled by Reuters last week.. Besides, the RBI changed the monetary policy stance from neutral to accommodative.. The move is expected to lead to reduction of lending rate by banks leading to lower EMI for housing, auto loan and corporate borrowers.

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