Fifth cut in repo rate, Why aren't the citizens' loans not getting cheaper? | The Last Word

On The Last Word, the Reserve Bank of India Governor Shaktikanta Das decided to cut the repo rate for the fifth time in a row to give a further boost to consumption and private investment in a bid to revive growth as inflation remained within the central bank's comfort level. The RBI cut the repo rate by 25 basis points to 5.15% while keeping its stance accommodative. But why aren't the banks passing on the benefits? Why aren't the citizens' loans not getting cheaper?


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