RBI Monetary Policy Tomorrow: Timing, Live Streaming, & Details

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is poised for its pivotal policy announcement on April 5, 2024, following its three-day meeting that commenced on April 3. Chaired by RBI Governor Shaktikanta Das, the MPC is responsible for shaping the country's monetary policy and influencing borrowing rates. The decision, expected around 10 a.m. on April 5, will mark the initiation of the financial year's first bi-monthly review, where crucial determinations regarding interest rates will be made.

In light of escalating inflationary pressures, market analysts anticipate the committee may opt to maintain the repo rate at its current stance of 6.5%. The repo rate, serving as the benchmark interest rate at which the RBI lends to commercial banks, holds significant sway over borrowing costs across the economy. As such, the MPC's decision is eagerly awaited by businesses, consumers, and policymakers alike.

Following the announcement, Governor Shaktikanta Das will elucidate on the policy details in a press conference scheduled for noon on April 5. The live streaming of this event can be accessed via the RBI's official YouTube channel or its official social media handles.

The MPC meeting represents a critical juncture for the Indian economy as it navigates the delicate balance between fostering growth and combating inflation. The committee's decision-making process encompasses a thorough evaluation of various economic indicators, including recent inflation trends and growth projections.

For the financial year 2024-2025, the MPC has scheduled meetings in April, June, August, October, December, and February. The outcome of these meetings will significantly impact the trajectory of borrowing rates and the overall economic landscape.

In its previous meeting held in February, the MPC opted to maintain the repo rate at 6.5%, a decision unanimously reached for the sixth consecutive time. This choice was motivated by the prevailing inflationary pressures, underscoring the committee's steadfast commitment to ensuring price stability in the economy.

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