Explanation:

• Expansionary monetary policy is when a central bank uses its tools to stimulate the economy. That increases the money supply, lowers interest rates, and increases demand. It boosts economic growth. It lowers the value of the currency, thereby decreasing the exchange rate. It is the opposite of contractionary monetary policy.
• The central bank may lower the repo rate, lower statutory reserve requirements or purchase government securities through open market operations in order to increase the money supply in the market.

Hence both statements are correct.