{"id":4219,"date":"2023-10-20T08:09:10","date_gmt":"2023-10-20T08:09:10","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=4219"},"modified":"2023-10-20T08:09:10","modified_gmt":"2023-10-20T08:09:10","slug":"interest-rate-to-remain-high-for-now-rbi-governor","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/interest-rate-to-remain-high-for-now-rbi-governor\/","title":{"rendered":"Interest Rate To Remain High For Now :  RBI Governor"},"content":{"rendered":"<p>New Delhi, Oct 20: <span id=\"output-sentence-box~0\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~0\"><span data-testid=\"output-sentence-0\"><span id=\"output-phrase~0~0\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">The\u00a0<\/span><span class=\"css-15iwe0d\"><a href=\"https:\/\/jammubulletin.com\/site\/lg-chairs-district-development-review-meeting-at-anantnag\/\">governor<\/a>\u00a0<\/span><\/span><span id=\"output-phrase~0~1\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">of\u00a0<\/span><\/span><span id=\"output-phrase~0~2\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><a href=\"https:\/\/jammubulletin.com\/site\/rbi-clarifies-that-last-date-for-exchanging-rs-2000-notes-is-tomorrow\/\"><span class=\"css-15iwe0d\">Reserve\u00a0<\/span><span class=\"css-15iwe0d\">Bank\u00a0<\/span><\/a><\/span><a href=\"https:\/\/jammubulletin.com\/site\/rbi-clarifies-that-last-date-for-exchanging-rs-2000-notes-is-tomorrow\/\"><span id=\"output-phrase~0~3\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">of\u00a0<\/span><\/span><\/a><span id=\"output-phrase~0~4\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\"><a href=\"https:\/\/jammubulletin.com\/site\/rbi-clarifies-that-last-date-for-exchanging-rs-2000-notes-is-tomorrow\/\">India<\/a>,\u00a0<\/span><\/span><span id=\"output-phrase~0~5\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">Shaktikanta\u00a0<\/span><\/span><span id=\"output-phrase~0~6\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">Das,\u00a0<\/span><\/span><span id=\"output-phrase~0~7\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">stated\u00a0<\/span><\/span><span id=\"output-phrase~0~8\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">on\u00a0<\/span><\/span><span id=\"output-phrase~0~9\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">Friday\u00a0<\/span><\/span><span id=\"output-phrase~0~10\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">that\u00a0<\/span><\/span><span id=\"output-phrase~0~11\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">interest\u00a0<\/span><span class=\"css-2yp7ui\">rates\u00a0<\/span><\/span><span id=\"output-phrase~0~12\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">will\u00a0<\/span><span class=\"css-2yp7ui\">likely\u00a0<\/span><span class=\"css-2yp7ui\">stay\u00a0<\/span><\/span><span id=\"output-phrase~0~13\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">high\u00a0<\/span><\/span><span id=\"output-phrase~0~14\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">for\u00a0<\/span><\/span><span id=\"output-phrase~0~15\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">some\u00a0<\/span><span class=\"css-15iwe0d\">time\u00a0<\/span><\/span><span id=\"output-phrase~0~16\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">to\u00a0<\/span><span class=\"css-rh820s\">come.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~1\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~1\"><span data-testid=\"output-sentence-1\"><span id=\"output-phrase~1~0\" class=\"css-1m8t0fv\"><span class=\"css-0\">Major\u00a0<\/span><\/span><span id=\"output-phrase~1~1\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">global\u00a0<\/span><span class=\"css-0\">central\u00a0<\/span><span class=\"css-0\">banks\u00a0<\/span><\/span><span id=\"output-phrase~1~2\" class=\"css-1m8t0fv\"><span class=\"css-0\">have\u00a0<\/span><span class=\"css-rh820s\">increased\u00a0<\/span><\/span><span id=\"output-phrase~1~3\" class=\"css-1m8t0fv\"><span class=\"css-0\">their\u00a0<\/span><span class=\"css-0\">key\u00a0<\/span><\/span><span id=\"output-phrase~1~4\" class=\"css-1m8t0fv\"><span class=\"css-0\">policy\u00a0<\/span><span class=\"css-0\">rates\u00a0<\/span><\/span><span id=\"output-phrase~1~5\" class=\"css-1m8t0fv\"><span class=\"css-0\">in\u00a0<\/span><span class=\"css-rh820s\">response\u00a0<\/span><\/span><span id=\"output-phrase~1~6\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">to\u00a0<\/span><span class=\"css-15iwe0d\">the\u00a0<\/span><\/span><span id=\"output-phrase~1~7\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">ongoing\u00a0<\/span><\/span><span id=\"output-phrase~1~8\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">geopolitical\u00a0<\/span><span class=\"css-rh820s\">crises\u00a0<\/span><\/span><span id=\"output-phrase~1~9\" class=\"css-1m8t0fv\"><span class=\"css-0\">in\u00a0<\/span><\/span><span id=\"output-phrase~1~10\" class=\"css-1m8t0fv\"><span class=\"css-0\">an\u00a0<\/span><span class=\"css-rh820s\">effort\u00a0<\/span><\/span><span id=\"output-phrase~1~11\" class=\"css-1m8t0fv\"><span class=\"css-0\">to\u00a0<\/span><span class=\"css-rh820s\">combat\u00a0<\/span><\/span><span id=\"output-phrase~1~12\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">excessive\u00a0<\/span><span class=\"css-0\">inflation.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~2\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~2\"><span data-testid=\"output-sentence-2\"><span id=\"output-phrase~2~0\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">Since\u00a0<\/span><\/span><span id=\"output-phrase~2~1\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">May\u00a0<\/span><span class=\"css-15iwe0d\">2022,\u00a0<\/span><\/span><span id=\"output-phrase~2~2\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><a href=\"https:\/\/jammubulletin.com\/site\/rbi-maintains-status-quo-in-policy-rate-flags-inflation-concern\/\"><span class=\"css-15iwe0d\">Reserve\u00a0<\/span><span class=\"css-15iwe0d\">Bank\u00a0<\/span><\/a><\/span><span id=\"output-phrase~2~3\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">has\u00a0<\/span><span class=\"css-2yp7ui\">also\u00a0<\/span><span class=\"css-2yp7ui\">increased\u00a0<\/span><\/span><span id=\"output-phrase~2~4\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">the\u00a0<\/span><span class=\"css-1ber87j\">short-term\u00a0<\/span><\/span><span id=\"output-phrase~2~5\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">benchmark\u00a0<\/span><\/span><span id=\"output-phrase~2~6\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">lending\u00a0<\/span><span class=\"css-1ber87j\">rate\u00a0<\/span><\/span><span id=\"output-phrase~2~7\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">(repo)\u00a0<\/span><\/span><span id=\"output-phrase~2~8\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">by\u00a0<\/span><\/span><span id=\"output-phrase~2~9\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">a\u00a0<\/span><span class=\"css-2yp7ui\">total\u00a0<\/span><\/span><span id=\"output-phrase~2~10\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">of\u00a0<\/span><\/span><span id=\"output-phrase~2~11\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">250\u00a0<\/span><\/span><span id=\"output-phrase~2~12\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">basis\u00a0<\/span><\/span><span id=\"output-phrase~2~13\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">points.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~3\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~3\"><span data-testid=\"output-sentence-3\"><span id=\"output-phrase~3~0\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">But\u00a0<\/span><span class=\"css-0\">in\u00a0<\/span><\/span><span id=\"output-phrase~3~1\" class=\"css-1m8t0fv\"><span class=\"css-0\">February\u00a0<\/span><\/span><span id=\"output-phrase~3~2\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">of\u00a0<\/span><\/span><span id=\"output-phrase~3~3\" class=\"css-1m8t0fv\"><span class=\"css-0\">this\u00a0<\/span><span class=\"css-0\">year,\u00a0<\/span><\/span><span id=\"output-phrase~3~4\" class=\"css-1m8t0fv\"><span class=\"css-0\">it\u00a0<\/span><\/span><span id=\"output-phrase~3~5\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">stopped\u00a0<\/span><span class=\"css-rh820s\">raising\u00a0<\/span><\/span><span id=\"output-phrase~3~6\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">interest\u00a0<\/span><span class=\"css-rh820s\">rates,\u00a0<\/span><\/span><span id=\"output-phrase~3~7\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">keeping\u00a0<\/span><\/span><span id=\"output-phrase~3~8\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">the\u00a0<\/span><span class=\"css-1ber87j\">repo\u00a0<\/span><span class=\"css-1ber87j\">rate\u00a0<\/span><\/span><span id=\"output-phrase~3~9\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">at\u00a0<\/span><\/span><span id=\"output-phrase~3~10\" class=\"css-1m8t0fv\"><span class=\"css-0\">6.5%.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span id=\"output-sentence-box~0\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~0\"><span data-testid=\"output-sentence-0\"><span id=\"output-phrase~0~0\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">In\u00a0<\/span><\/span><span id=\"output-phrase~0~1\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">response\u00a0<\/span><span class=\"css-15iwe0d\">to\u00a0<\/span><\/span><span id=\"output-phrase~0~2\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">a\u00a0<\/span><span class=\"css-2yp7ui\">question\u00a0<\/span><\/span><span id=\"output-phrase~0~3\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">at\u00a0<\/span><span class=\"css-15iwe0d\">the\u00a0<\/span><\/span><span id=\"output-phrase~0~4\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">Kautilya\u00a0<\/span><\/span><span id=\"output-phrase~0~5\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">Economic\u00a0<\/span><\/span><span id=\"output-phrase~0~6\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">Conclave\u00a0<\/span><\/span><span id=\"output-phrase~0~7\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">2023,\u00a0<\/span><\/span><span id=\"output-phrase~0~8\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-15iwe0d\">governor\u00a0<\/span><\/span><span id=\"output-phrase~0~9\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">stated,\u00a0<\/span><\/span><span id=\"output-phrase~0~10\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">&#8220;Interest\u00a0<\/span><\/span><span id=\"output-phrase~0~11\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">rates\u00a0<\/span><\/span><span id=\"output-phrase~0~12\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">will\u00a0<\/span><span class=\"css-1ber87j\">remain\u00a0<\/span><\/span><span id=\"output-phrase~0~13\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">high\u00a0<\/span><\/span><span id=\"output-phrase~0~14\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">at\u00a0<\/span><\/span><span id=\"output-phrase~0~15\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">the\u00a0<\/span><span class=\"css-1ber87j\">moment,\u00a0<\/span><\/span><span id=\"output-phrase~0~16\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">(for)\u00a0<\/span><\/span><span id=\"output-phrase~0~17\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">how\u00a0<\/span><span class=\"css-1ber87j\">long,\u00a0<\/span><\/span><span id=\"output-phrase~0~18\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">only\u00a0<\/span><span class=\"css-1ber87j\">time\u00a0<\/span><\/span><span id=\"output-phrase~0~19\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">will\u00a0<\/span><\/span><span id=\"output-phrase~0~20\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">tell.&#8221;<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~1\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~1\"><span data-testid=\"output-sentence-1\"><span id=\"output-phrase~1~0\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">During\u00a0<\/span><\/span><span id=\"output-phrase~1~1\" class=\"css-1m8t0fv\"><span class=\"css-0\">his\u00a0<\/span><span class=\"css-rh820s\">speech\u00a0<\/span><\/span><span id=\"output-phrase~1~2\" class=\"css-1m8t0fv\"><span class=\"css-0\">at\u00a0<\/span><span class=\"css-0\">the\u00a0<\/span><\/span><span id=\"output-phrase~1~3\" class=\"css-1m8t0fv\"><span class=\"css-0\">Conclave,\u00a0<\/span><\/span><span id=\"output-phrase~1~4\" class=\"css-1m8t0fv\"><span class=\"css-0\">Das\u00a0<\/span><\/span><span id=\"output-phrase~1~5\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">stated\u00a0<\/span><\/span><span id=\"output-phrase~1~6\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">that\u00a0<\/span><span class=\"css-15iwe0d\">in\u00a0<\/span><\/span><span id=\"output-phrase~1~7\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">order\u00a0<\/span><\/span><span id=\"output-phrase~1~8\" class=\"css-1m8t0fv\"><span class=\"css-0\">to\u00a0<\/span><span class=\"css-rh820s\">guarantee\u00a0<\/span><\/span><span id=\"output-phrase~1~9\" class=\"css-1m8t0fv\"><span class=\"css-0\">a\u00a0<\/span><span class=\"css-rh820s\">gradual\u00a0<\/span><span class=\"css-rh820s\">descent\u00a0<\/span><\/span><span id=\"output-phrase~1~10\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">of\u00a0<\/span><span class=\"css-1ber87j\">domestic\u00a0<\/span><\/span><span id=\"output-phrase~1~11\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">inflation\u00a0<\/span><\/span><span id=\"output-phrase~1~12\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">from\u00a0<\/span><\/span><span id=\"output-phrase~1~13\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">its\u00a0<\/span><span class=\"css-1ber87j\">peak\u00a0<\/span><\/span><span id=\"output-phrase~1~14\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">of\u00a0<\/span><\/span><span id=\"output-phrase~1~15\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">7.44\u00a0<\/span><\/span><span id=\"output-phrase~1~16\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">percent\u00a0<\/span><span class=\"css-15iwe0d\">in\u00a0<\/span><\/span><span id=\"output-phrase~1~17\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">July,\u00a0<\/span><\/span><span id=\"output-phrase~1~18\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-15iwe0d\">monetary\u00a0<\/span><span class=\"css-15iwe0d\">policy\u00a0<\/span><\/span><span id=\"output-phrase~1~19\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">should\u00a0<\/span><span class=\"css-0\">continue\u00a0<\/span><\/span><span id=\"output-phrase~1~20\" class=\"css-1m8t0fv\"><span class=\"css-0\">to\u00a0<\/span><span class=\"css-rh820s\">be\u00a0<\/span><\/span><span id=\"output-phrase~1~21\" class=\"css-1m8t0fv\"><span class=\"css-0\">actively\u00a0<\/span><\/span><span id=\"output-phrase~1~22\" class=\"css-1m8t0fv\"><span class=\"css-0\">disinflationary.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~2\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~2\"><span data-testid=\"output-sentence-2\"><span id=\"output-phrase~2~0\" class=\"css-1m8t0fv\"><span class=\"css-0\">He\u00a0<\/span><\/span><span id=\"output-phrase~2~1\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">stressed\u00a0<\/span><\/span><span id=\"output-phrase~2~2\" class=\"css-1m8t0fv\"><span class=\"css-0\">that\u00a0<\/span><\/span><span id=\"output-phrase~2~3\" class=\"css-1m8t0fv\"><span class=\"css-0\">there\u00a0<\/span><span class=\"css-0\">is\u00a0<\/span><\/span><span id=\"output-phrase~2~4\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">never\u00a0<\/span><\/span><span id=\"output-phrase~2~5\" class=\"css-1m8t0fv\"><span class=\"css-0\">a\u00a0<\/span><span class=\"css-rh820s\">tolerance\u00a0<\/span><\/span><span id=\"output-phrase~2~6\" class=\"css-1m8t0fv\"><span class=\"css-0\">for\u00a0<\/span><\/span><span id=\"output-phrase~2~7\" class=\"css-1m8t0fv\"><span class=\"css-0\">complacency\u00a0<\/span><\/span><span id=\"output-phrase~2~8\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">when\u00a0<\/span><span class=\"css-rh820s\">it\u00a0<\/span><\/span><span id=\"output-phrase~2~9\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">comes\u00a0<\/span><span class=\"css-rh820s\">to\u00a0<\/span><\/span><span id=\"output-phrase~2~10\" class=\"css-1m8t0fv\"><span class=\"css-0\">monetary\u00a0<\/span><span class=\"css-0\">policy.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure id=\"attachment_4220\" aria-describedby=\"caption-attachment-4220\" style=\"width: 300px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-4220\" src=\"https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-20-at-1.34.55-PM-300x179.png\" alt=\"Interest Rate To Remain High For Now :  RBI Governor\" width=\"300\" height=\"179\" \/><figcaption id=\"caption-attachment-4220\" class=\"wp-caption-text\">Interest Rate To Remain High For Now : RBI Governor<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, Oct 20: The\u00a0governor\u00a0of\u00a0the\u00a0Reserve\u00a0Bank\u00a0of\u00a0India,\u00a0Shaktikanta\u00a0Das,\u00a0stated\u00a0on\u00a0Friday\u00a0that\u00a0interest\u00a0rates\u00a0will\u00a0likely\u00a0stay\u00a0high\u00a0for\u00a0some\u00a0time\u00a0to\u00a0come. Major\u00a0global\u00a0central\u00a0banks\u00a0have\u00a0increased\u00a0their\u00a0key\u00a0policy\u00a0rates\u00a0in\u00a0response\u00a0to\u00a0the\u00a0ongoing\u00a0geopolitical\u00a0crises\u00a0in\u00a0an\u00a0effort\u00a0to\u00a0combat\u00a0excessive\u00a0inflation. Since\u00a0May\u00a02022,\u00a0the\u00a0Reserve\u00a0Bank\u00a0has\u00a0also\u00a0increased\u00a0the\u00a0short-term\u00a0benchmark\u00a0lending\u00a0rate\u00a0(repo)\u00a0by\u00a0a\u00a0total\u00a0of\u00a0250\u00a0basis\u00a0points. But\u00a0in\u00a0February\u00a0of\u00a0this\u00a0year,\u00a0it\u00a0stopped\u00a0raising\u00a0interest\u00a0rates,\u00a0keeping\u00a0the\u00a0repo\u00a0rate\u00a0at\u00a06.5%. 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