Will Shaktikanta Das-led MPC cut repo rate on Friday? What to expect from the final policy review of 2024
Will RBI announce rate cut on December 6? On Wednesday, 4 December, the Reserve Bank of India Governor’s Monetary Policy Committee—the central bank’s rate-setting body—began its last bimonthly review meeting of the year. Once again, the question on everyone’s mind is: Will the repo rate be cut this time? If not the repo rate, will the MPC decide to change any other key rate? The December 4-6 revision comes amid a 7-quarter low GDP growth and sticky inflation, beyond the upper end of the RBI’s tolerance range of 2-4 percent.
When will RBI Governor Shaktikanta Das announce policy decisions?
As per tradition, the RBI Governor will announce policy decisions at 10 am.
Upcoming:
Monetary Policy Statement on #RBI The ruler @DasShaktikanta
on December 06, 2024, 10:00 am Watch live at: https://t.co/IlVH3hYA5d
Live broadcast of the Post-policy press conference at 12:00… pic.twitter.com/7cAan1v3TB— ReserveBankOfIndia (@RBI) December 5, 2024
The RBI governor will also address a post-policy press conference at noon.
Will there be a rate cut on December 6?
Many economists believe there will be no change in the upcoming policy statement.
According to a Zee Business survey, eight out of ten economists polled do not expect a change in the repo rate in the December review.
Foreign brokerage Nomura kept the call without consensus, expecting a 25 basis point cut in the repo rate, to 6.25%, on December 6.
