RBI Governor Shaktikanta Das is set to present the second bi-monthly monetary policy for 2024-25 at 10 am today. This announcement follows the conclusion of the RBI’s Monetary Policy Committee’s three-day meeting, which began on Tuesday and ends this morning.
Apart from announcing MPC’s decision on the repo rate and other policy interest rates, Das will also discuss the current domestic and global economic situation.
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
Analysts predict that the repo rate will remain unchanged at 6.5 percent for the seventh consecutive time. Besides the decision on the repo rate and other policy interest rates, Governor Das will address the current domestic and global economic situations. Analysts believe that due to persistent food inflation, the RBI MPC will prioritize inflation targeting, keeping the repo rate steady at 6.5 percent.
There might be a downward revision in the FY25 GDP growth forecast because of the high base effect of 8.2 percent growth in FY24. The inflation target is expected to stay the same. Following the policy announcement, Governor Das will hold a press conference at 12:00 pm, which will be broadcast on the RBI’s X handle and streamed on the RBI’s YouTube channel.