RBI Monetary Policy August 2024: While a rate hike is less likely, a change in the policy stance or forward guidance could impact market sentiment.
RBI Monetary Policy August 2024: RBI Governor Shaktikanta Das will announce the decision and present the latest monetary policy statement next week. In addition to revealing the MPC’s decision on the repo rate and other policy interest rates, Das will also discuss the current domestic and global economic situation.
Read More:- ‘Freedom Sale’: Air India Express launches tickets starting from Rs 1947
Monetary Policy Committee August Date & Time
The meeting of the RBI’s Monetary Policy Committee for August 2024 will be conducted on the following dates;
Date and Time
- Meeting Dates: August 6-8, 2024
- Announcement Date: August 8, 2024
- Announcement Time: Around 10 AM IST
Where to Watch
You can watch the live announcement by the RBI Governor, Shaktikanta Das, on various news channels and online news platforms.
The address will be simultaneously streamed on the Reserve Bank of India’s Facebook page, YouTube Channel and X handle.
Also Read : Government has a warning for SBI customers on this ‘alert message’ from the bank
After the policy announcement, the RBI governor will also address a press conference which will be telecast at noon on the RBI’s X handle on Thursday.
Expected Decision: Repo Rate Hold
- High probability of a status quo: Most analysts anticipate the RBI to maintain the repo rate at its current level of 6.5% for the seventh consecutive time.
- Focus on inflation: The primary concern for the RBI continues to be managing inflation within the target range.
- Global economic uncertainties: The ongoing geopolitical tensions and global economic slowdown could influence the MPC’s decision.
Also Read : SpiceJet passengers stranded at Dubai airport after flight cancellations
While a rate hike is less likely, a change in the policy stance or forward guidance could impact market sentiment.
