Key Points
RBI Repo rate: The Reserve Bank of India (RBI) governor Shaktikanta Das announced the Monetary Policy Committee's (MPC) decision on interest rates after the two-day review meeting of the central bank's Monetary Policy Committee (MPC), the rate-setting panel..
In the first MPC announcement in Financial Year 2024-25 (FY25), RBI governor kept the repo rate unchanged at 6.5 per cent for seventh consecutive time..
RBI governor said that the MPC will remain watchful of food inflation and the six-member rate-setting panel had favoured the status quo on interest rates by a majority vote of 5:1 while maintaining focus on withdrawal of accommodative stance..
The RBI governor announced that there will be no changes in the GDP growth forecast for FY25 and the estimate was retained at 7 per cent for the current fiscal year...
The RBI maintained status quo on policy rates and stances in its last review, which was held in February 2024 but the decision was not unanimous and one member recommended a rate cut of 25 basis points...
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