RBI MPC Live Broadcast: After the policy announcement, the RBI governor will also address a press conference at 12:00 noon on Friday.
RBI MPC December 2023: The Reserve Bank of India’s Monetary Policy Committee (MPC) began discussions on Wednesday, December 6th, amidst expectations that it will hold benchmark interest rates at 6.5%. This anticipation stems from the recent decline in retail inflation and the need to bolster economic growth.
Headed by RBI Governor Shaktikanta Das, the six-member Monetary Policy Committee (MPC) is meeting for three days and the decision would be announced today, December 8.
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RBI MPC Announcement Time And Live Broadcast
The RBI governor will present the latest monetary policy statement at 10 am on December 8, Friday, including the decision on key policy rates like repo rate, reverse repo rate, etc.. He is expected to talk about the current domestic as well as global economic situation with focus a on inflation.
After the policy announcement, the RBI governor will also address a press conference at 12:00 noon on Friday.
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How to Watch RBI Monetary Policy Decisions LIVE
RBI MPC Meeting Live YouTube: You can watch the LIVE address of RBI governor on YouTube in the link below given link.
Facebook: The address will be simultaneously streamed on the Reserve Bank of India’s Facebook page.
Twitter: RBI Governor Shaktikanta Das’ address to the country will also be streamed on the Central Bank’s official Twitter handle @RBI.
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RBI MPC Members
The other members of the MPC are: Shashanka Bhide (Honorary Senior Advisor, National Council of Applied Economic Research, Delhi); Ashima Goyal (Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai); Jayanth R Varma (Professor, Indian Institute of Management, Ahmedabad); Rajiv Ranjan (Executive Director, RBI); and Michael Debabrata Patra (Deputy Governor, RBI).
After the last MPC meeting in August, the RBI maintained its pause on rate hike cycle, which stayed with the 6.5% repo rate from April 2023.
Prior to that the central bank had cumulatively hiked the repo rate by 250 basis points since May 2022 in a bid to contain inflation.
The government has mandated the RBI to ensure CPI inflation at 4% with a margin of 2% on either side.
