RBI MPC Meeting December 2024: What to Expect from Tomorrow’s Rate Decision
The Reserve Bank of India (RBI) is gearing up for its Monetary Policy Committee (MPC) meeting on December 6, 2024, and there’s a buzz in the air regarding potential changes to the repo rate. As the economic landscape shifts, many are wondering if the RBI will announce a rate cut during this crucial meeting. With the second quarter (Q2FY25) GDP growth hitting a two-year low, the committee faces a challenging task in balancing inflation control and economic growth.
Market analysts have been keeping a close eye on the economic indicators leading up to this MPC meeting. While the consensus seems to lean towards maintaining the current repo rate, some experts believe a cut could be on the horizon. According to IIFL Institutional Equities, the status quo on the repo rate seems likely, but they haven’t completely ruled out a cut in the Cash Reserve Ratio (CRR).
In the past, the RBI has been cautious in its approach to monetary policy, and with inflationary pressures still in play, it’s crucial to assess how these factors will influence the committee’s decision. Investors and borrowers alike will be closely monitoring the outcome, as any changes in the rate could significantly affect loan interest rates and overall economic activity.
For live updates on the RBI MPC meeting and the latest news surrounding the repo rate decision, you can visit Hindu Business Line. Stay tuned as we break down the implications of this meeting and what it could mean for the economy moving forward.
