RBI’s new monetary policy committee will announce its decision on interest rates on October 9. Economists say that the MPC with three new members may set the stage for a rate cut

Economists are forecasting that the RBI is shifting to a neutral stance. Following the 50 basis points Fed rate cut, the consensus is split between a hold on rates and a 25 basis point cut.

The central bank’s Monetary Policy Committee (MPC) began its latest meeting on October 7, 2024, and will be revealing its decision on key interest rates on October 9, 2024

RBI Governor Shaktikanta Das will announce the MPC’s policy decision on October 9. This is the first meeting of the six-member RBI MPC after half the members were changed last week.

Speculation has grown about the possibility of a rate cut or a shift in monetary policy, especially after the US Federal Reserve delivered an unexpected 50-basis-point cut in September 2024.

RBI began its fourth Monetary Policy Committee meeting for the ongoing financial year on Monday. Key announcement from the meet will be announced on Oct 9

RBI's three-day monetary policy meeting to address inflation, economic growth, and global uncertainties, with repo rate at 6.50%.

The Monetary Policy Committee (MPC), led by RBI Governor Shaktikanta Das, will consider important factors like inflation, global economic uncertainties, and domestic growth. Inflation remains a problem,