RBI MPC Meeting Schedule October 2023 Date: The six-member Reserve Bank of India‘s (RBI) Monetary Policy Committee (MPC) will meet on October 4, 2023 (Wednesday).
RBI MPC October 2023 Meeting Date and Time Schedule
The rate-setting panel will meet between October 4 (Wednesday) to October 6 (Friday). The outcome of the three-day meeting of the MPC will be announced by RBI Governor Shaktikanta Das at 10 am on Friday on a live telecast.
Read More: Aurobindo Pharma Announces Business Transfer Agreements With Apitoria Pharma For API Business Sales
RBI MPC October 2023 Meeting Expectations
While there will be unanimity on not changing the repo rate from the current 6.5 per cent, there will be divergence within the MPC as to the stance, IANS quoted senior economists in its report.
“In our opinion, there will be no divergence of views on the rate pause decision, 6-0. But as earlier, there is likely to be one dissent on continuing the existing monetary stance, 5-1,” Suman Chowdhury, Chief Economist & Head – Research, Acuite Ratings told IANS. “Looks like that unanimous on repo while stance on withdrawal of accommodation will be 5:1,” IANS quoted Madan Sabnavis, Chief Economist, Bank of Baroda in its report.
“I believe the decision should be unanimous,” Sujan Hajra, Chief Economist & Executive Director at Anand Rathi, told IANS.
Read More: Google Starts Manufacturing Chromebook Laptops In India, Joins Hands With HP
RBI MPC Members
All members of the MPC –
Governor of the Reserve Bank of India – Chairperson, ex officio – Shaktikanta Das
Deputy Governor of the Bank in charge of monetary policy – Michael Debrata Patra
Executive Director of the Bank in charge of monetary policy – Rajiv Ranjan
Ashima Goyal is a member of Prime Minister Narendra Modi’s economic advisory council. Ms Goyal is a professor at the Indira Gandhi Institute of Development Research in Mumbai and was a visiting fellow at Yale University.
Shashanka Bhide is a senior advisor at the National Council for Applied Economic Research, a New Delhi-based think-tank, whose work has involved research into agriculture, poverty analysis and macroeconomics.
Jayanth Varma is a finance and accounting professor at the Indian Institute of Management, Ahmedabad. He was formerly on the board of the country’s capital markets’ regulator.
Read More: Diesel sales fall 3 pc Sep, petrol up 5.4 percent
RBI MPC August 2023 Meeting Outcome
In the previous MPC meeting held from August 8-10, the members unanimously decided to retain the repo rate — the rate at which RBI lends to banks — at 6.5 per cent, while there was on divergent view on the withdrawal of accommodation stance.
