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Headed by RBI Governor Shaktikanta Das, the six-member MPC is meeting for three days and the decision will be announced at 10 am on Friday, December 6.
RBI Monetary Policy Meet December 2024
RBI MPC Meeting: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), led by Governor Shaktikanta Das, will announce its bi-monthly policy decisions on December 6, 2024, at 10:00 AM. The three-day meeting, which began on December 4, is being closely monitored as the RBI tackles major economic challenges.
Key areas of focus for the MPC include interest rates, inflation trends, growth projections, and global oil prices, with the official decisions to be revealed during a press conference.
RBI MPC Meeting December 2024: Date and Time
Governor Shaktikanta Das will present a live address detailing the outcomes of the MPC’s discussions on Friday, December 6, at 10:00 AM.
Where to Watch the RBI Monetary Policy Live?
The speech will be streamed live on the RBI’s official YouTube channel and social media platforms, including Facebook and X (formerly Twitter). A press conference will follow at 12:00 PM and will also be available for viewing on these platforms.
How to Watch RBI Monetary Policy Decisions LIVE
YouTube: You can watch the LIVE address of RBI governor on YouTube in the link below given link.
https://www.youtube.com/@reservebankofindia593/videos
Facebook: The address will be simultaneously streamed on the Reserve Bank of India’s Facebook page.
Twitter: RBI Governor Shaktikanta Das’ address to the country will also be streamed on the Central Bank’s official Twitter handle @RBI.
Key Expectations from the RBI Policy Meeting
This MPC meeting is set against a backdrop of slowing GDP growth, persistent inflation, and reduced production levels, heightening expectations for policy changes.
Several economists have offered their insights into the potential outcomes:
Ashok Gulati, an agricultural economist, pointed out that vegetable inflation, a major contributor to rising prices, is beyond the RBI’s control. He also mentioned that the Q2 GDP growth figures highlight the need for policy adjustments, possibly including a reduction in the repo rate.
Atul Monga, CEO of BASIC Home Loan, expects the repo rate to remain unchanged, citing the benefits of stable interest rates for housing demand, particularly in the mid-range and luxury segments.
What Happened in the Last Policy Meeting?
In its October meeting, the RBI kept the repo rate at 6.5%, maintaining this level for the 10th consecutive time. Other key rates, such as the Standing Deposit Facility (6.25%) and the Marginal Standing Facility (6.75%), were also left unchanged.
The policy decisions to be announced tomorrow will have a significant impact on India’s monetary landscape, influencing inflation control, liquidity, and overall economic growth.
