An expansionist monetary policy aims to increase the money supply and stimulate economic growth. To achieve this, the central bank typically lowers interest rates and reduces reserve requirements. Specifically, the RBI would cut the Repo Rate and Bank Rate to make borrowing cheaper for banks, and it would also cut the Statutory Liquidity Ratio (SLR) to increase the funds available for lending. Conversely, increasing the Marginal Standing Facility (MSF) Rate makes it more expensive for banks to borrow overnight funds, which is a contractionary measure, not expansionary.