The RBI's MPC held rates steady, citing improved growth and benign inflation, while announcing regulatory steps to boost credit flow and strengthen digital payment safety
The RBI's MPC unanimously kept the repo rate unchanged at 5.25 per cent, retaining a neutral stance while signalling that future policy decisions will be guided by data from new GDP and CPI series
Decision on UPI MDR in govt's domain: RBI governor
The decision for the status quo on the policy rate was unanimous. As for the stance, one of the six MPC members, Ram Singh, held a different view, favouring a change to "accommodative"
Malhotra also said that there is no reduction in the central bank's holdings of US treasuries
The governor cited strong growth and lower-than-expected inflation as the key reasons for keeping the repo rate unchanged in the February policy meet
There is greater confidence among banks to lend to MSMEs because of data availability, and clarity in terms of their business models, says Setty
The celebrations of this 'Goldilocks moment', however, were tempered by trends for October 2025 published only a few days later, suggesting that economic activity had peaked in Q2, says Nagesh Kumar
Multiple MPC members of late flagged the re-emergence of space for further monetary easing given the record-low CPI inflation
The RBI MPC revised its inflation forecast downward from 2.6 per cent to 2 per cent in the December meeting
After slashing repo rates for three consecutive months since February, the MPC kept the rate unchanged at 5.5 per cent since August
OMOs for liquidity infusion expected, say economists
The framework has been designed to make the monetary policy transparent. For instance, the law mandates even the publication of the MPC meeting calendar well in advance
Ram Singh signals potential for multiple rate cuts in FY26-FY27, citing low inflation and scope for accommodative monetary policy to support growth
RBI Oct MPC meet 2025: Economists believe that there's room to further revise the inflation forecast, but a rate cut remains unlikely
After slashing repo rates for three consecutive months since February, the MPC kept the rate unchanged at 5.5 per cent in August
With GST cuts fuelling festive demand and growth holding strong, the RBI's MPC is likely to stay cautious on rate cuts as it weighs inflation risks and uncertain global trade headwinds
Indranil Bhattacharyya, Executive Director at RBI, has been nominated as an ex officio member of the Monetary Policy Committee (MPC), following the 618th meeting of the RBI's Central Board in Lucknow
The importance of domestic savings is likely to increase, given the uncertainties on our external balance
Indranil Bhattacharyya will take over as executive director in charge of the monetary policy department as Rajiv Ranjan is set to retire