The Reserve Bank of India’s (RBI) Monetary Policy Committee meeting is planned to be held for three days from 6th of December to 8th of December. The RBI Governor Shaktikanta Das will hold deliberations while leading dialogues around a range of issues such as policy repo rates aiming to achieve the targeted rate of inflation.
Governor Das will declare the committee’s decision on December 8 at 10 am.
The RBI MPC comprises six members in total. Among RBI, the officials alongside Governor Das are Rajiv Ranjan, serving as Executive Director, and Michael Debabrata Patra, as the Deputy Governor. While Shashanka Bhide, Ashima Goyal, and Jayanth R Varma are the external members.
RBI MPC – Check date, time, schedule, where to watch:
Date: The RBI’s rate-setting panel convened for three days begins today, December 6 and ends on Friday, December 8
Time: RBI Governor Shaktikanta Das will announce the MPC decision around 10 am on Friday, December 8
Schedule: After the MPC decision which starts around 10 am on December 8, RBI Governor Das will hold a post-policy press conference at noon.
Live Streaming: The meeting’s developments can be accessed from ETBFSI’s official website at https://bfsi.economictimes.indiatimes.com/
The central bank of the country will live stream the RBI Governor’s policy statements and announcement on RBI’s YouTube channel or RBI’s X, formerly Twitter, handle.
Expectations of MPC Meeting
The RBI is expected to let the policy rates unchanged and will discuss the matter of inflation aiming to contain it under its set rate of 4 per cent.
The performance of India’s economic status and the GDP showing a good trajectory of growth at 7.6 per cent in the second quarter of FY24 is also a speculated reason for the RBI to not change the rates.
Although, there are various external factors such as the geopolitical tension between Russia and Ukraine as well as Israel-Palestine alongwith the global economies witnessing a slowdown in the growth of their financial status, which could make the RBI MPC to devise strategic plans to help sustain the country’s growth.
“We expect a status quo policy both in terms of policy rate and the stance, given the likelihood that inflation in the near term is likely to remain closer to 6%, which is the upper threshold of the MPC’s mandated band of 2-6%. The commentary is likely to remain extremely vigilant on inflation risks despite lower core inflation,” said Anubhuti Sahay, Standard Chartered Bank’s head of South Asia Economic Research.
