RBI MPC April Meeting: Where and When To Watch?
RBI MPC April 2024 Meeting: The assembly of the RBI’s Monetary Policy Committee, which began on Wednesday, will conclude right now
RBI MPC April 2024 Meeting: The assembly of the RBI’s Monetary Policy Committee, which began on Wednesday, will conclude right now (Friday morning), and the choice will probably be introduced by RBI Governor Shaktikanta Das. The RBI governor will current the newest financial coverage assertion at 10 am on April 5 (Friday).
Apart from saying MPC’s choice on the repo fee, reverse repo fee and different coverage charges, Das may also talk about the present home in addition to international financial state of affairs.
After the coverage announcement, the RBI governor may also deal with a press convention which will probably be telecast at 12:00 pm on Friday.
Here is How to Watch RBI Monetary Policy Decisions LIVE Today
The Reserve Bank of India has put out a put up on X to clarify the place and the way to watch RBI MPC meet reside. “Monetary Policy statement by #RBI Governor @DasShaktikanta at 10:00 am on April 5, 2024. Watch live at: https://www.youtube.com/live/ZnAuVmhKGQc?feature=share
Facebook: The address will be simultaneously streamed on Reserve Bank of India’s Facebook page.
X: RBI Governor Shaktikanta Das’ address to the country will also be streamed on the Central Bank’s official Twitter handle @RBI on X.
“Post policy press conference telecast at 12:00 pm on the same day. https://www.youtube.com/live/-QyXRW4LPdk?feature=share,” the RBI stated in a put up on X.
Other key dates for FY25 MPC meets
The subsequent MPC conferences have been scheduled for the next dates:
June 5-7, 2024
August 6-8, 2024
October 7-9, 2024
December 4-6, 2024
February 5-7, 2025
RBI coverage choice: What does MPC do?
The MPC’s job is to preserve the nation’s retail inflation inside 4 per cent with a margin of two per cent on both facet.
The committee meets at the very least 4 instances a yr to talk about the course the central financial institution desires to pursue within the monetary yr, with the purpose to strike a stability between sustaining development and sustaining the inflation goal.
Following their evaluation, the committee decides whether or not to keep, increase, or decrease the repo fee.
RBI financial coverage: What to count on?
Despite expectations for a possible shift, the home fee-setting panel opted to keep the established order in all six coverage evaluate conferences all through the monetary yr 2024-25.
Economists anticipate the MPC to maintain the benchmark repo fee regular at 6.5%, balancing inflation management with financial development. However, current optimistic financial knowledge might immediate a revision in inflation forecasts, hinting at a possible future fee hike.
The RBI’s coverage stance on ‘accommodation withdrawal’ may also be below scrutiny, signaling future fee changes. The announcement is keenly awaited by companies and debtors, as it should affect mortgage prices and funding exercise.
Vimal Nadar, senior director & head (analysis) at Colliers India, stated, “The RBI is expected to continue its ‘pause’ stance and keep the benchmark lending rate at 6.5 per cent for the fourth consecutive time. While consumer price inflation has moderated from the 15-month high of 7.44 per cent in July 2023, the concerns of elevated food inflation remain high, and the Central Bank will be cautious.”
Nonetheless, RBI has already revised the inflation projection to 5.4 per cent for FY 2023-24 to accommodate these issues. Steady repo charges will proceed to herald stability in house mortgage lending charges by main banks & monetary establishments. “This is critical during this festive period when most of the fence sitters & first-time home buyers look for lucrative deals from developers & lending institutions to buy their dream home,” he added.
