With reference to the Reserve Bank of India's Monetary Policy Committee (MPC) meeting held from 5 to 7 October 2026, consider the following statements:

1. The MPC had kept the repo rate unchanged at 5.25 per cent in each of its preceding four policy reviews.

2. The MPC's decision is announced by the RBI Governor on the last day of the scheduled meeting.

Which of the statements given above is/are correct?