MPC

December 4, 2024 12:52 PM

RBI MPC meet begins, focus on inflation control

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day meeting on Wednesday, chaired by Governor Shaktikanta Das. The discussions will conclude on December 6, with the policy decisions scheduled to be announced on the same day. The committee is expected to maintain the current repo rate at 6.5 percent, which has remained unchanged for the last nine meetings and the status quo may continue for some more time, as an immediate rate cut may not be easy for the MPC to ...

October 9, 2024 10:48 AM

RBI keeps repo rate at 6.5%, shifts stance to neutral for inflation-growth balance

The Reserve Bank of India (RBI) on Wednesday kept the policy repo rate steady at 6.5% for the tenth time in a row. Following the Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das announced that the decision was supported by five out of six MPC members. Other key rates also remained unchanged, with the standing deposit facility (SDF) rate at 6.25% and both the marginal standing facility (MSF) rate and the bank rate at 6.75%. Das also highlighted a shift in the RBI's monetary...

August 23, 2024 11:39 AM

RBI to focus on disinflation, food inflation sticky to core, says RBI’s MPC minutes

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting, held from August 6 to 8, was marked by careful deliberation on inflation and growth challenges. The committee decided to keep the policy repo rate unchanged at 6.5%, maintaining its stance on the withdrawal of accommodation. RBI Governor Shaktikanta Das highlighted the ongoing challenges in controlling inflation. He noted that while inflation is gradually decreasing, the process is slow and uneven. Persistent food inflat...