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The MPC has also decided to continue with an accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target. On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) of the Reserve Bank of India ( RBI) at its meeting on Friday decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 5. 15 per cent from 5. 40 per cent with immediate effect, leading to reductions in the reverse repo rate under the LAF to 4. 90 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 5. 40 per cent. However, there may be further rate cuts in the subsequent RBI Policy Meets, as the MPC has also decided to continue with an accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target. Regular rate cuts and hope for more cuts would ensure higher return for bond funds as long-term bonds issued as higher rate earlier traded at a higher rate in secondary markets when new bonds are issued at lower rate.

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The Port McNeill and District Museum showcases the logging history of Port McNeill, British Columbia, Canada.

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