The Reserve Bank of India‘s Monetary Policy Committee commenced its three-day meeting, which will conclude on Wednesday, June 8th. Today, RBI Governor Shaktikanta Das will reveal the central bank’s decisions taken during the bi-monthly Monetary Policy Committee meeting.
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“Watch out for the Monetary Policy statement of the RBI Governor @DasShaktikanta at 10:00 am on June 08, 2022,” the RBI tweeted on Twitter.
The Reserve Bank of India is expected to raise repo rates again, after doing so in an off-cycle MPC meeting in May to combat inflation.
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The announcements will be made by RBI Governor Shaktikanta Das on Wednesday, June 8, at 10 a.m. IST. His address will be aired live across many platforms.
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Here’s how you can watch the RBI’s monetary policy decisions in real-time today:
The following link will take you to the LIVE speech of RBI Governor Shaktikanta Das on YouTube:
Post policy press conference telecast at 12:00 noon on the same day
The Reserve Bank of India (RBI) is likely to hike key rates, concentrating more on inflation than on growth, according to some economists.
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They stated that more restrictive steps will be implemented. The RBI’s rate-setting panel began its three-day talks on Monday to finalise the next monetary policy statement, and the policy outcome will be released today.
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Many economists predicted that the key interest rate will be raised at the forthcoming policy meeting. While some expect a range of 35 to 50 basis points (bps), others foresee a range of 40 to 50 bps.