The all-new Monetary Policy Committee under new RBI Governor Sanjay Malhotra is set to hold key deliberations from February 4. All eyes will be on the February 7 announcement, when Governor Malhotra may announce change in the key rates. An MC poll also say that there are expectations of 25 BPS rate cut on February 7. This means that the benchmark lending rate maybe slashed to 6.25 percent from the existing rate of 6.5 percent.
This will be the first MPC since Malhotra assumed the office in December last year after his predecessor Shaktikanta Das’s tenure ended on December 10, 2024. While there is a lot of anticipation around the rate cut, the central bank has been taking critical measures to boost liquidity. Last month, RBI had announced measures to inject Rs 1.5 lakh crore of liquidity. Previously, in December last year, the central bank had introduced Rs 1.16 lakh crore of liquidity due to CRR reduction of 50 BPS. As we wait for the key decision, here’s all you need to know about the upcoming RBI MPC.
RBI Monetary Policy 2025: Date and time
The RBI MPC will take place between February 4 and February 7, with official announcement regarding repo rate set to take place on February 7 at 10:00 am. After the accountment, Governor Malhotra will address media at 12:00 pm, where he will talk about reasons behind the MPC’s decision and current state of Indian economy and his thoughts on Union Budget 2025.
RBI Monetary Policy 2025: When, where to watch
The livestreaming of the RBI’s announcement will be available on several online platforms. We at Moneycontrol will bring minute by minute updates via our live blog. You can also check Moneycontrol’s YouTube channel for live address. Further, the RBI’s official social media handles such as X(Twitter) and YouTube will also broadcast the event live. The afternoon press conference by RBI Governor Malhotra will also be available on these platforms.
RBI Monetary Policy 2025: What happened in the last MPC
In his last MPC, then RBI Governor Shaktikanta Das had kept the repo rate unchanged at 6.5 percent. However, the cash reserve ratio was slashed by 50 basis point. This was done to boost liquidity as this injected Rs 1 trillion into India's banking system.
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