RBI Monetary Policy LIVE Updates: RBI Governor Shaktikanta Das will present the second bi-monthly monetary policy of 2024-25 at 10 am today. The policy review announcement comes after the RBI’s Monetary Policy Committee 3-day meeting, which started on Tuesday, is concluding on Thursday morning.
According to analysts, the repo is expected to remain unchanged at 6.5 per cent for the seventh time in a row. Apart from the RBI MPC’s decision on the repo rate and other policy interest rates, the central bank’s governor will also discuss the current domestic as well as global economic situation. Analysts said that given the sticky food inflation, inflation targeting will remain the RBI MPC’s primary target, and the repo rate will highly likely remain unchanged this time too at 6.5 per cent.
However, there might be a downward revision in FY25 GDP growth due to the high base effect of 8.2 per cent growth in FY24. The inflation target is expected to remain the same. After the policy announcement, the RBI governor will also address a press conference which will be telecast at 12:00 pm on the RBI’s X handle on Thursday. Das’ monetary policy announcement will also be streamed on the same handle, apart from the RBI’s YouTube channel.