RBI MPC Meeting: When And Where To Watch, Find All Details Here
The bi-monthly meeting will be chaired by RBI Governor Shaktikanta Das and will be held from August 6-8, 2024. The final outcome will be revealed by the committee on Thursday at around 10 AM
The Reserve Bank of India (RBI) is scheduled to begin its bi-monthly fiscal policy meeting on Tuesday. The regulator’s Monetary Policy Committee (MPC) meeting will sit down to decide the benchmark interest rate and the path ahead for the Indian economy.
The bi-monthly meeting will be chaired by RBI Governor Shaktikanta Das and will be held from August 6-8, 2024. The last time the central bank hiked the repo rate was in February 2023. Ever since the committee has maintained the status quo on the key rates.
The other members in the committee include Ashima Goyal, Jayanth R Varma, Rajiv Ranjan, Shashanka Bhide, and Michael Debabrata Patra.
When And Where To Track MPC Announcements?
The final outcome will be revealed by the committee on Thursday at around 10 AM. You can tune into ABP Live for comprehensive coverage and analysis of the MPC’s interest rate and fiscal policy decisions.
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Further, users can access the press releases, meeting minutes, and other documents related to the MPC on the official website of the Reserve Bank of India. You can also keep a track of major updates about the meeting on the social media handles of the RBI on X and LinkedIn.
The central bank organises about six bi-monthly meetings every fiscal year to decide on interest rates, inflation outlook, money supply, and other economic indicators. After the August MPC meeting, the future meet-ups for the committee are scheduled for October 7-9, 2024, December 4-6, 2024, and February 5-7, 2025.
In the previous MPC meeting held from June 5-7, the committee kept the benchmark interest rates unchanged at 6.5 per cent. This marked the eighth consecutive time the committee opted to maintain the status quo in the key rates.
Notably, the Bank of Japan (BoJ) implemented an unexpected rate hike on Monday. The authority increased the interest rates to 0.25 per cent. This was the sharpest rise seen since 2008.
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