RBI Governor Sanjay Malhotra Announces MPC Decision On Interest Rates, Economic Report Card & Outlook
The Reserve Bank of India's Monetary Policy Committee is expected to lower interest rates in December to support economic growth with retail inflation ruling at a record low. However, some economists expect the central bank to hold rates after the much-better-than-expected GDP growth numbers of 8.2% for the Jul-Sept quarter. After December, most economists expect the MPC to leave rates unchanged, though some see scope for further easing in February with inflation seen remaining well below the RBI's 4% target. The MPC has lowered the policy repo rate by 100 bps so far in 2025. It started lowering interest rates in February with a 25-bps cut, followed by another 25-bps cut in April, and a larger-than-expected 50-bps reduction in June. The panel has kept the repo rate at 5.50% since June, with the policy stance currently neutral.
Business Today
RBI Governor Sanjay Malhotra Announces MPC Decision On Interest Rates, Economic Report Card & Outlook
The Reserve Bank of India's Monetary Policy Committee is expected to lower interest rates in December to support economic growth with retail inflation ruling at a record low. However, some economists expect the central bank to hold rates after the much-better-than-expected GDP growth numbers of 8.2% for the Jul-Sept quarter. After December, most economists expect the MPC to leave rates unchanged, though some see scope for further easing in February with inflation seen remaining well below the RBI's 4% target. The MPC has lowered the policy repo rate by 100 bps so far in 2025. It started lowering interest rates in February with a 25-bps cut, followed by another 25-bps cut in April, and a larger-than-expected 50-bps reduction in June. The panel has kept the repo rate at 5.50% since June, with the policy stance currently neutral.
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