Wed, Oct 23, 2024
India cannot risk another bout of inflation and the best approach currently would be to remain flexible and wait for inflation to durably align with the central bank's target, opined Reserve Bank Governor Shaktikanta Das while voting for status quo on benchmark rates during the last MPC meeting.
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Wed, Oct 09, 2024
For the 10th consecutive time, there was no change in India's repo rate as the Reserve Bank of India (RBI) Governor Shaktikanta Das-led Monetary Policy Meeting (MPC) on Wednesday (October 9, 2024) maintained it at 6.50 per cent. The big change came in the face of the Central Bank changing the policy stance to 'netral' from 'withdrawal of accommodation'. On the other hand, there were no changes in the GDP forecast and Consumer Price Index (CPI) inflation estimates for FY25. In his address on Wednesday, Das said, "The MPC considered it appropriate to change the stance to neutral and remain unambiguously focused on bringing inflation to target durably.
Thu, Aug 08, 2024
Reserve Bank of India (RBI) governor Shaktikanta Das-led monetary policy meeting (MPC) has maintained the repo rate unchanged for the ninth consecutive time. It has also maintained GDP forecast and CPI inflation.
Fri, Jun 07, 2024
RBI Monetary Policy: No change in interest rates, repo rate remains at 6.50%, MSF rate remains at 6.75%. Why was the decision taken to keep interest rates stable? What happened in the MPC meeting? RBI Governor Shaktikanta Das told.
Thu, Dec 07, 2023
Feeling anxious about the recent repo rate change and its impact on your home loan EMI? Relax! This video explains the difference between fixed and floating interest rates in home loans and how they react to repo rate changes. Discover whether you need to worry or not based on your loan type.
Tue, Oct 03, 2023
After hiking the repo rate six consecutive times since last year, the RBI hit the pause button and kept the repo rate unchanged in the last three MPC meetings this year. The next bi-monthly MPC meeting is set to take place from October 4-6, with the decision set to be announced on Oct 6, 2023.
Sun, Sep 24, 2023
"We do expect the RBI to hold on to a status quo position this time as inflation is still high and liquidity tight. In fact, going by RBI forecast on inflation, it would be above 5 per cent in Q3 too, which will ensure that the status quo prevails for the calendar year for sure and probably Q4 too," said Madan Sabnavis, Chief Economist, Bank of Baroda.
Thu, Aug 10, 2023
RBI MPC MEET OUTCOME: The MPC members unanimously decided to maintain the status quo on the repo rate, Governor Shaktikanta Das said in his policy speech on August 10. The Reserve Bank of India (RBI) has made an upward revision to its inflation forecast for 2023-24, raising it by 30 bps to 5.4%.
Thu, Jun 08, 2023
RBI MPC meeting highlights, RBI MPC meeting June 2023: The Reserve Bank of India on Thursday opted for a pause second time in a row, maintaining key benchmark policy rate at 6.5 per cent as inflation moderates.
Thu, Apr 06, 2023
In the first monetary policy meet of the financial year 2023-24, RBI decided to maintain the status quo on the repo rate as the central bank aims to align inflation with target while focusing on growth.
Mon, Feb 06, 2023
RBI MPC Meeting: With the retail inflation down, if the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to 6.50 per cent will be known on February 8.
Wed, Dec 21, 2022
At the MPC Meeting this month, Reserve Bank of India (RBI) Governor Shaktikanta Das opined that a premature pause in rate hike at this point could be a costly policy error as the battle against inflation is not over.
Mon, Dec 05, 2022
RBI MPC Meeting: "We expect a 35 bps rate hike in the upcoming meeting. The Consumer Price Index (CPI) inflation is likely to moderate further in the coming months and slip below six per cent by the end of the fiscal year," Rajani Sinha, Chief Economist, CARE Ratings told IANS.
Thu, Nov 03, 2022
The Reserve Bank of India has called an additional meeting of its Monetary Policy Committee (MPC) tomorrow. In a statement issued, the central bank said that in accordance with the provisions of Section 45ZN of the RBI Act, a special meeting of the Monetary Policy Committee (MPC) has been convened on November 3. This section of the RBI Act provides that in case of failure to keep inflation within the limits set by the government, the central bank has to report it to the government. What to expect from RBI's MPC meeting? How much inflation will RBI tolerate? Know from Varun Dubey. Also know from Ajay Bagga what will happen in the MPC meeting of RBI?
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