RBI MPC Meeting: Where to watch RBI Governor Shaktikant Das speech Live

RBI MPC Meeting, RBI Governor Shaktikant Das Speech Live: The Reserve Bank of India (RBI) will announce the outcome of the Monetary Policy Committee (MPC) meeting on Thursday, November 3. The central bank decided to convene a special MPC meeting in the first week of November after missed inflation targets. The MPC is likely to formulate a response to the government on its handling of inflation that has remained above is tolerance level of 6 per cent for the past 8 months. 

"Under the provisions of Section 45ZN of the Reserve Bank of India (RBI) Act 1934, read along with the Gazette notifications S.O.2215(E) dated June 27, 2016 and S.O.1422(E) dated March 31, 2021 and the Regulation 7 of the RBI Monetary Policy Committee (MPC) and Monetary Policy Process Regulation, 2016, an additional meeting of the MPC is being scheduled on November 3, 2022," a notification issued by the RBI said.

The six-member rate-setting panel is headed by RBI Governor Shaktikanta Das. Das will address the media on Thursday morning wherein he will announce the decision taken during the MPC meeting. The monetary policy framework was implemented in 2016.

Shaktikant Das' speech will be live-streamed online on the official YouTube channel of the Reserve Bank of India. It may also be watched on the official social media handles of RBI. Interested viewers can also watch the event live on the Zee Business website as we will soon embed the live link once officially released by RBI.

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Earlier today, Das defended the handling of the price situation, saying acting prematurely on inflation would have exerted a heavy cost on the economy and citizens. Acknowledging that the inflation target has been missed, Das said the RBI decided to support the economy by not introducing a rate hike in face of a spike in inflation.

"We prevented a 'complete collapse of the economy' by keeping rates lower and stayed away from premature tightening," Das said this while speaking at the annual FIBAC conference of bankers here.

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