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
The central bank's decision to keep the policy rate at 5.5 per cent, and inflation projected to stay low, means that fixed deposit rates are not likely to be revised upwards
System liquidity, as measured by the net position under the liquidity adjustment facility, has been in surplus, averaging ₹3 trillion per day since the last MPC meeting
The central bank also cut the inflation outlook for the current financial year by 60 basis points (bps) to 3.1 per cent which is significantly below its mandated target of 4 per cent
The RBI governor said that the government policies have helped boost the use of UPI among consumers. Malhotra added that UPI transactions have been increasing in the past few months
On August 6, the RBI’s rate-setting panel maintained status quo on the repo rate and changed the policy stance.
Banks will be setting up camps at the Panchayat-level from July 1 to September 30, to provide re-KYC services at consumers' doorsteps
RBI MPC: The odds of another cut in the August meeting are rising after the US imposed a 25 per cent tariff on Indian exports
The MPC meeting is held bi-monthly to decide the interest rates, inflation, and growth estimates