RBI MPC Live Updates: Governor Sanjay Malhotra To Announce Decision On Repo Rate Today
RBI MPC Live Updates: Hello and welcome to ABP Live's Business LIVE blog. Please follow this space for all the breaking news and latest updates from the stock market, economy, and the corporate world. The Reserve Bank of India (RBI) will announce the results of its Monetary Policy Committee (MPC) meeting on Friday, where the committee will review the benchmark interest rate and discuss India's economic outlook. The meeting was scheduled for February 5-7, 2025 and was chaired by the new RBI Governor Sanjay Malhotra. This is the new governor’s first monetary policy meeting since assuming the office in December 2024. The RBI last raised the repo rate in February 2023 and has kept key rates unchanged since then. The decision will be revealed around 10 am on Friday. For official updates, including press releases, meeting minutes, and related documents, visit the RBI's official website. The RBI will also share key announcements on its social media platforms, including X (formerly Twitter). At the previous MPC meeting in October, the committee decided to maintain the benchmark interest rate at 6.5 per cent, marking the eleventh consecutive meeting with no change in rates. Most experts expect the RBI will give some relief this time. Most economists surveyed by Bloomberg expect the Reserve Bank of India to lower the benchmark repurchase rate by at least 25 basis points to 6.25 per cent. Some analysts even anticipate a surprise 50 basis point cut. “Ultimately, monetary policy will have to do the heavy lifting to support growth in 2025 and beyond. Otherwise, there is a non-trivial risk of falling behind the curve,” said Kaushik Das, chief economist for India at Deutsche Bank AG. A rate cut could also be paired with a change in the policy stance from "neutral" to "accommodative," as suggested by Aastha Gudwani, India's chief economist at Barclays Plc. Adhil Shetty, CEO of BankBazaar, noted, “The rate has remained unchanged at 6.5 per cent for 11 consecutive cycles, but following the recent budget, hopes are rising that a reduction of 25 to 50 basis points could provide much-needed relief for middle-class home loan borrowers and boost confidence among prospective buyers. The RBI faces a delicate balancing act—keeping inflation under control has been a priority, which is why the repo rate has remained steady.”
RBI MPC Live Updates: Hello and welcome to ABP Live's Business LIVE blog. Please follow this space for all the breaking news and latest updates from the stock market, economy, and the corporate world.
The Reserve Bank of India (RBI) will announce the results of its Monetary Policy Committee (MPC) meeting on Friday, where the committee will review the benchmark interest rate and discuss India's economic outlook. The meeting was scheduled for February 5-7, 2025 and was chaired by the new RBI Governor Sanjay Malhotra.
This is the new governor’s first monetary policy meeting since assuming the office in December 2024. The RBI last raised the repo rate in February 2023 and has kept key rates unchanged since then.
The decision will be revealed around 10 am on Friday. For official updates, including press releases, meeting minutes, and related documents, visit the RBI's official website. The RBI will also share key announcements on its social media platforms, including X (formerly Twitter).
At the previous MPC meeting in October, the committee decided to maintain the benchmark interest rate at 6.5 per cent, marking the eleventh consecutive meeting with no change in rates. Most experts expect the RBI will give some relief this time.
Most economists surveyed by Bloomberg expect the Reserve Bank of India to lower the benchmark repurchase rate by at least 25 basis points to 6.25 per cent. Some analysts even anticipate a surprise 50 basis point cut.
“Ultimately, monetary policy will have to do the heavy lifting to support growth in 2025 and beyond. Otherwise, there is a non-trivial risk of falling behind the curve,” said Kaushik Das, chief economist for India at Deutsche Bank AG.
A rate cut could also be paired with a change in the policy stance from "neutral" to "accommodative," as suggested by Aastha Gudwani, India's chief economist at Barclays Plc.
Adhil Shetty, CEO of BankBazaar, noted, “The rate has remained unchanged at 6.5 per cent for 11 consecutive cycles, but following the recent budget, hopes are rising that a reduction of 25 to 50 basis points could provide much-needed relief for middle-class home loan borrowers and boost confidence among prospective buyers. The RBI faces a delicate balancing act—keeping inflation under control has been a priority, which is why the repo rate has remained steady.”
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