Follow RBI MPC Meeting 2025 Live Blog for all the latest updates
Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will hold its first meeting of FY 2025-26 between April 7 and April 9 to review the benchmark interest rates. It is the 54th meeting of the MPC and its decision on the repo rate will be announced at 10 a.m. on April 9.
Apart from the RBI Governor, the MPC includes two senior central bank officials and three people appointed by the central government. All eyes will be on any possible announcement of another rate cut as the central bank's MPC will meet amid a global turmoil over the US tariffs.
The RBI usually conducts the MPC meeting every two months, leading to six meetings in a financial year. During these meetings, the MPC reviews interest rates, money supply, inflation outlook and several other macroeconomic metrics.
The other five meetings are scheduled for June 4-6, Aug. 5-7, Sep. 29 - Oct. 1, Dec. 3-5, and Feb. 4-6, 2026.
📢 April 9, 2025:
April 8, 2025
Monetary Policy Statement by RBI Governor @GovSMalhotra at 10:00 AM
📺 Live stream: (https://t.co/E2rVdkWJsS)
🎥 Post-policy press conference at 12:00 PM: (https://t.co/ZT7KuRLWzc)#RBIPolicy #MonetaryPolicy #RBI #MPC #RBIToday pic.twitter.com/lEHaxwjPJNIn its previous meeting in Feb. 2025, the MPC, led by the RBI Governor Sanjay Malhotra, unanimously decided to reduce the repo rate by 25 basis points (bps), reducing it from 6.5% to 6.25%. The repo rate is the interest rate that the RBI charges when it lends to other banks, and one basis point equals 0.01%. It was the first rate cut since the beginning of the COVID-19 pandemic, when the MPC slashed the repo rate by 40 bps to 4% in May 2020. Since 2022, the repo rate has been increasing, and it eventually rose to 6.5%.
RBI Monetary Policy Meeting: What To Expect?
According to a report by the State Bank of India (SBI), the MPC is expected to reduce the repo rate by 25 bps in its April 2025 meeting. The report expects a halt to the rate cuts in June, followed by another round of reduction in Aug. 2025.
The report titled "Same, Same But Different" was published on March 20, 2025. It said, "With benign inflation this month and going forward, we expect a cumulative rate cut over the cycle could be at least 75 basis points, with successive rate cuts in the next policy Apr. and Aug. 2025. With an intervening gap in Aug. 25, the rate cuts cycle could restart from Oct. 25."
RBI Monetary Policy: Date And Time
The RBI's MPC meeting for April will be held from April 7 to April. 9. RBI Governor Sanjay Malhotra is set to announce the committee's decisions on Wednesday, April 9.
RBI Monetary Policy: Where To Watch Live?
RBI Governor Sanjay Malhotra's speech will be streamed live on the social media accounts of the central bank, which includes Facebook and X. Additionally, you can also watch Malhotra's speech live on RBI's YouTube channel.
The NDTV Profit TV channel will also broadcast the RBI Governor's speech live from 10 a.m. onwards. You can also watch the speech on the NDTV Profit YouTube channel or follow real-time updates on the website's live blog.
The post policy press conference will begin at noon on the same day.
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