Will RBI MPC Led by Governor Shaktikanta Das Opt to decrease the repo rate this month? The Monetary Policy Committee, which sets interest rates for the RBI, is getting back together after a two-month break to evaluate the organization’s monetary policy. And once more, everyone is wondering if there will be a rate cut this time. Here’s everything you need to know about the Indian central bank’s impending rate announcement, which comes less than three weeks after the Fed Chair Jerome Powell’s Federal Open Market Committee (FOMC) unexpectedly lowered the benchmark US interest rate by 50 basis points.
Will RBI MPC Led by Governor Shaktikanta Das Opt
On October 9, will the RBI make a rate-cut announcement? Two months later, the Reserve Bank The Monetary policies Committee, chaired by the Governor of India, is the central bank’s panel that sets interest rates. It is convening once more to examine its monetary policies. And once more, everyone is wondering if there will be a rate cut this time. The panel’s decision will be made public at 10 a.m. on Wednesday, October 9, the third and last day of the MPC meeting, by RBI Governor Shaktikanta Das. Here’s everything you need to know about the Indian central bank’s impending rate announcement, which comes less than three weeks after the Fed Chair Jerome Powell’s Federal Open Market Committee (FOMC) unexpectedly lowered the benchmark US interest rate by 50 basis points, Will RBI MPC Led by Governor Shaktikanta Das Opt.
5 FACTS YOU SHOULD KNOW ABOUT THE NEXT RBI POLICY REVIEW; Will the RBI revise its estimates for GDP? Will RBI MPC Led by Governor Shaktikanta Das Opt
- No economist surveyed by stock 24 news anticipates a pace of in the MPC review for October.
The decision was made at a time when it was generally anticipated that the nation’s inflation rate would have gotten worse in September and October after staying below the RBI’s medium-term target of 4.0% for the prior two months. Will RBI MPC Led by Governor Shaktikanta Das Opt; In order to determine its monetary policy, the RBI mainly monitors consumer inflation, which is the rate of increase in the prices that consumers pay for a variety of products and services. With lower and maximum tolerance thresholds of two percent and six percent, respectively, the central bank seeks to keep inflation under control at four percent.
For the past nine bi-monthly reviews, the RBI has kept the policy in place.
- In 2024–25, how many rate reductions are you expecting?
Approximately half of the One in four economists in the stock 24 news poll anticipates either none or one cut during the current fiscal year (FY25), while two economists anticipate two reductions.
- Is it possible that the RBI’s inflation forecasts will alter?
None of the experts surveyed by stock 24 news anticipates that the central bank’s current inflation estimates will alter.
With 4.5% in the first quarter, 3.8% in the second, 4.6% in the third, and 4.5% in the fourth, the RBI has set its target for consumer inflation in FY25 at 4.5%. (Will RBI MPC Led by Governor Shaktikanta Das Opt)
- Is it realistic to assume that the RBI will revert to its previous policy of “withdrawal of accommodation”?
On this one, economists are equally divided.
Of the economists, half Half of those surveyed by stock 24 news believe that the RBI should change its existing policy position, while the other half disagrees.
- Will the RBI revise its estimates for GDP?
In the October review, three of every four experts surveyed by stock 24 news anticipate no changes to the RBI’s annual GDP predictions.
As of right now, the RBI estimates that GDP growth for FY25 would be 7.2%, with 7.2% expected in Q2, 7.3% in Q3, and 7.2% in Q4.
A lower-than-expected GDP figure of 6.7% growth in the first three months of the fiscal year marked the start of the fiscal year.
How the repo rate affects your loan’s interest rate
Any modification to the repo rate, which is the main interest rate at which (Will RBI MPC Led by Governor Shaktikanta Das Opt)
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