Report Frontline

Report unchanged: RBI monetary policy to be announced today

Sarojini Bishi

New Delhi: On Thursday, the European Central Bank reduced its interest rate. However, it has been reported that there is no possibility of reducing the interest rate in the new monetary policy. All eyes are on the announcement of the first monetary policy after the Lok Sabha elections. So the Reserve Bank’s monetary policy can be announced today. Monetary policy meeting ends today. After that, the RBI governor will announce the interest rate. Inflation figures are at their lowest levels for several months.

It has been reported that the rate will remain unchanged from last February 2023 at 6.5 percent. In view of the economic growth, the Monetary Policy Committee or MPC of the RBI will take this step. The MPC meeting was held from last 5th. If the report remains unchanged, it will be unchanged for the eighth time.

On the other hand, the Federal Reserve may announce interest rates soon. In such a situation, the people of India have a lot of expectations from this meeting. Notably, interest rates were increased from May 2022 to February 2023. The report rate was increased by 2.50 percent. After which the policy rate has fallen to 6.5 percent. There has been no change in interest rates since then. This means that there has been no change in the interest rate in the last 7 meetings.

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