RBI August MPC Review: Will Shaktikanta Das announce a rate cut at 10 am today? Here's what economists expect
RBI MPC August 2024 Review, Rate Decision: RBI Governor
RBI MPC August 2024 Review, Rate Decision: At 10 am on Thursday, August 8, RBI Governor Shaktikanta Das is set to announce the outcome of a bi-monthly review conducted by the all-powerful Monetary Policy Committee (MPC) starting August 6. The August MPC review comes days after the Fed - the US central bank - left the key lending rates unchanged while hinting at a reduction in September.
Can you expect a reduction in the repo rate - or the key interest rate at which the RBI lends money to commercial banks?
And if there is a rate cut today, will it impact your loan EMIs?
Read on to know everything you can expect in today's policy statement.
RBI MPC August 2024 Review | Can you expect a rate cut in August 8 policy statement?
At 10 am on Thursday, August 8, RBI Governor Shaktikanta Das is scheduled to announce the outcome of a bi-monthly review conducted by the all-powerful Monetary Policy Committee (MPC) starting August 6.
If not today, then when?
Seven out of every 10 economists polled by Zee Business expect a downward revision in the repo rate in December, while the remaining three expect the first cut in the current cycle only in February.
Will there be a rate cut today?
None of the economists polled by Zee Business expects a reduction in the August 8 review.
How many rate cuts can you expect in 2024?
Again, seven out of every 10 economists polled by Zee Business expect only one rate cut in the calendar year, while the remaining three expect zero.
RBI MPC August 2024 Review | Will there be a cash reserve ratio (CRR) cut?
No, none of the economists expects a change in the CRR today.
What is CRR? IT is the minimum cash required to be maintained by commercial banks as a reserve with the RBI.
RBI MPC August 2024 Review | Will GDP forecast be tweaked?
None of the economists expects a change in the RBI's GDP forecast for the financial year in the August review.
RBI MPC August 2024 Review | Will inflation forecast be tweaked?
None of the economists expects a change in the RBI's inflation forecast in the August review.
RBI MPC August 2024 Review | Will there be a change in policy stance?
None of the economists expects a change in the MPC's policy stance in the August policy statement.