RBI: First MPC meeting of financial year 2024-25 begins, Governor will announce decision on repo rate on April 5
RBI MPC Meeting: The decisions taken in the meeting of the Monetary Policy Committee (MPC) led by Reserve Bank Governor Shaktikanta Das will be announced on Friday (April 5). This is the first bi-monthly MPC meeting of 2024-25.
The Reserve Bank's rate-setting committee on Wednesday began three-day deliberations to decide on monetary policy. On the other hand, the market expects the central bank to once again keep the key interest rate unchanged and focus more on controlling inflation as concerns related to economic growth are diminishing.
On Friday, April 5, the Monetary Policy Committee (MPC), chaired by Reserve Bank Governor Shaktikanta Das, will make public the decision that was reached. The MPC meeting for 2024–25 is being held for the first time every two months.
For the fiscal year that begins on April 1, 2024, a total of six MPC meetings are planned. In its last six bi-monthly policies, the Reserve Bank of India (RBI) has maintained the repo rate at its current level, with the most recent increase occurring in February 2023 to 6.5%.
