RBI MPC meeting 2024: Date and time
What does the MPC do?
The government has formed the committee to ensure the retail inflation based on the Consumer Price Index (CPI) remains at 4 per cent with a margin of 2 per cent on either side.
RBI monetary policy: What to expect?
In a poll conducted by Business Standard, all 10 respondents said that the MPC might maintain the status quo for a sixth consecutive policy review.
Moreover, most economists also suggest that the RBI MPC may continue with its stance of withdrawal of accommodation.
A majority of the respondents of the BS Poll expect the committee to begin cutting the repo rate between June and August 2024 on the back of consistent moderation observed in core inflation across goods and services, culminating in anticipation of headline inflation averaging around 4.5 per cent in 2024-2025.
First Published: Feb 05 2024 | 10:33 AM IST