03 April 2024
Today's RBI MPC meeting will begin: Rate pauses on inflation and GDP growth might persist; Important signs to keep an eye on following a two-day review meeting, Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the first monetary policy of the financial year 2024–25 on Friday, April 5, amid positive macroeconomic indications, soon after the end of fiscal 2023–24 (FY24). The panel that sets interest rates for the RBI will keep an eye on how global headwinds affect key economic indicators like GDP growth and inflation trends. As it tries to find a delicate balance, the central bank will follow this path for the duration of the new fiscal year, according to an assessment by Das's six-member Monetary Policy Committee (MPC)