RBI Monetary Policy Meeting June 2025: Date, Time, Expectations And Live Streaming Details
The next meeting of the RBI Monetary Policy Committee (MPC) is scheduled to be held between June 4 and 6.
The Reserve Bank of India (RBI) is expected to continue to cut the repo rate in the upcoming meeting of its Monetary Policy Committee (MPC).
The MPC is scheduled to hold its next monetary policy review meeting between June 4 and 6. The key decisions at the three-day meeting will be announced on June 6.
All 30 economists polled by Bloomberg expect the MPC to continue to cut rates for the third straight meeting. The benchmark lending rate, or the repo rate, is expected to come down by another 25 basis points to 5.75%.
In a report released on Monday, the State Bank of India (SBI) projected that the RBI may declare a repo rate cut of 50 basis points in its upcoming MPC meeting to revive the credit cycle and minimise the impact of economic uncertainties.
At the previous MPC meeting, held in April, the apex bank announced a cut of 25 basis points in the key lending rate. This brought the repo rate down from 6.25% to 6%.
The current monetary policy review meeting comes amid continuing global uncertainties triggered by US tariffs, the prediction of an above-normal monsoon by the Indian Meteorological Department and an anticipated slowdown in global growth by the World Economic Outlook.
RBI Monetary Policy Meeting: What To Expect?
As per the SBI report, the RBI MPC could announce a significant rate cut of 50 bps to mitigate the impact of economic uncertainties. Co-authored by Group Chief Economic Adviser at SBI, Dr Soumya Kanti Ghosh, the report said that the banking system is currently experiencing surplus liquidity and a faster repricing of liabilities.
According to the report, financial institutions have reduced the interest rates on savings accounts to 2.7%. Fixed deposit rates have also been cut by 30-70 basis points since February this year. The apex bank needs to strike a balance between containing inflation and preventing a slowdown in growth to revive the credit cycle, the report suggested.
“We expect a 50-basis point rate cut in June’25 policy as a large rate cut could reinvigorate a credit cycle,” the report stated. “Domestic liquidity and financial stability concerns have eased. Inflation is expected to remain within the tolerance band. Preserving domestic growth momentum should be the primary policy objective, justifying a jumbo rate cut,” the report noted. It added that the cumulative rate cut over the ongoing cycle could be 100 bps.
RBI Monetary Policy: Date And Time
The RBI conducts the monetary policy review every two months. The monetary policy committee will meet from June 4 to 6. RBI Governor Sanjay Malhotra will announce the committee's decisions on Friday, June 6.
RBI Monetary Policy: Where To Watch Live?
The RBI Governor’s speech can be watched live on the central bank’s YouTube channel. It will also be available live on the social media accounts of the RBI, including X and Facebook.
The RBI Governor's speech will also be broadcast live on the NDTV Profit TV channel from 10 a.m. onwards. You can also follow real-time updates on the website's live blog or check the NDTV Profit YouTube channel for updates. The post MPC press conference will begin at noon on June 6.
