RBI Monetary Policy Committee meeting starts from today, will there be any change in interest rates? – News India Live

Today i.e. on 6th February, the bi-monthly monetary review meeting of the Monetary Policy Committee of the Reserve Bank of India has started. The MPC meeting, chaired by Reserve Bank Governor Shaktikanta Das, began on Tuesday and will continue for three days. After this, Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the decisions taken in the meeting on February 8.

MPC meeting

However, experts say the central bank is unlikely to announce any change in policy rates in the bi-monthly monetary policy this time, as retail inflation is still near the upper end of the satisfactory range. If this happens, it will be the sixth consecutive time when RBI will not change the interest rates. However, this will become clear only when Governor Shaktikanta Das announces the decision taken.

Will interest rates change?

Let us tell you that the retail inflation rate in December 2023 was 5.69 percent. The government has entrusted the Reserve Bank with the responsibility of keeping inflation within the range of four percent with a variation of two percent. According to the information, the Reserve Bank has kept the repo rate stable at 6.5 percent for almost a year. It was last increased from 6.25 percent to 6.5 percent in February 2023.

What will be the GDP of India?

Recently, Reserve Bank of India Governor Shaktikanta Das said that the Indian economy can grow at the rate of seven percent in the next financial year 2024-25. Along with this, the inflation rate is also expected to remain soft. RBI Governor said that India’s GDP growth rate in the current financial year is estimated to be 7.2 percent.

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