For the first half of FY25, BB will maintain a cautiously tight monetary policy stance, keeping the policy (Repo) rate at 8.50 percent, the SDF rate at 7 percent, and the SLF rate at 10 percent unchanged.

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Private sector credit growth target lowered to 9.8%

Additionally, BB will continue quantitative tightening by streamlining Open Market Operations, ceasing currency swaps among banks and BB, and refraining from creating new money for government spending.

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Exchange rate mid-rate to remain unchanged at 117 per USD

However, BB remains prepared to take necessary policy actions if required.