Monetary Policy Committee

Despite the growth slowdown, a rate cut-cycle is unlikely to start anytime soon

He talks of how the relationship between the central bank and the government has evolved, why putting business restrictions is the last resort for the regulator

The meeting took place at the finance minister's North Block office. Sources said that the meeting lasted around 20 minutes and was considered customary following the MPC meeting

Maintains neutral stance; sets stage for Feb rate action

In his interaction with the media, Das described the CRR cut as "normalisation" of its level. It was raised to 4.5 per cent in April 2022 when the last policy-tightening cycle started

Its better we stick to monetary policy, says RBI governor Shaktikanta Das

Since higher customs duties will result in the US suffering inflation, it's also possible the US Federal Reserve will review its stated policy of policy rate cuts

In all, the policy has travelled considerable space in addressing the emerging issues in financial services

RBI MPC: Governor Shaktikanta Das dodges term question with a smile, focuses on policy

Reserve Bank of India Monetary Policy Committee: Food prices likely to keep headline inflation up in the near future

Meeting begins on Wednesday against backdrop of Q2 GDP growth slowdown

The RBI is expected to revise its growth forecast for the financial year 2024-25 following low Q2 GDP figures

Cuts it to 6.9-7.1% from 7.1-7.4% estimated earlier in its April study

All members unanimously agreed to change the policy stance to neutral from withdrawal of accommodation

Food inflation driven by supply side rather demand which is addressed by monetary policy

Since 2022, central banks across the world started raising policy rate aggressively in a synchronized fashion to counter an inflation surge

Monetary policy committee's shift offers flexibility but no signal of rate cuts; RBI Governor highlights inflation and stability as key priorities

RBI Monetary Policy Meeting October 2024 highlights: Catch all the latest news updates on RBI's monetary policy announcements here

RBI began its fourth Monetary Policy Committee meeting for the ongoing financial year on Monday. Key announcement from the meet will be announced on Oct 9

Growth-inflation dynamics are shifting slowly, but the RBI may not be in a hurry to act amid too many uncertainties