The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) recently met and decided to hold the repo rate steady at 6.5% for the eleventh consecutive time.
rbi-october-monetary-policy-meeting-live-updates-key-mpc-interest-rate-cut-announcements-shaktikanta-das-rbi-policy-repo. However, the RBI has changed its policy position from “withdrawal of accommodation” to “neutral” rbi-monetary-policy-committee-meeting-october-2024-repo-rate-gdp-economy/rbi-october-monetary-policy-meeting-live-updates-key-mpc-interest-rate-cut-announcements-shaktikanta-das-rbi-policy-repo-. This change means that the RBI is more flexible and may raise or cut interest rates in the future, depending on economic conditions.
Furthermore, the RBI has maintained its GDP growth projection for FY25 at 7.2%, and the Consumer Price Index (CPI) inflation forecast at 4.5%.rbi-october-monetary-policy-meeting-live-updates-key-mpc-interest-rate-cut-announcements-shaktikanta-das-rbi-policy-repo
