RBI Monetary Policy Date 2022 Time Todays Meeting Live Updates

RBI Monetary Policy Time Date and Live Meeting Updates: The Reserve Bank of India, or RBI, will most likely announce major decisions taken at its monetary policy meeting on Thursday, February 10th. It is generally expected that the central bank will increase the reverse repo rates after a gap of almost two years. The RBI decided at its last biennial meeting to keep interest rates unchanged at record lows given the rise of the Omicron variant of COVID-19, which caused the third wave in India.

    RBI Monetary Policy Date 2022 Time

    The RBI's MPC meeting started a day ago on Tuesday, instead of Monday, due to the death of the iconic singer Lata Mangeshkar, designating the Maharashtra government a day of mourning. While common people speculate that repo rates will remain unchanged, experts expect the central bank to increase the reverse repo rate to normalize liquidity. However, if it holds the repo rate, it will be the tenth draw that the Reserve Bank holds the same position.

    RBI Monetary Policy Live Updates

    RBI Monetary Policy Meeting Key Highlights

    “We expect the MPC to start raising the policy rates and start normalizing the policy corridor between repo and reverse repo rate. We expect the RBI to increase the reverse repo rate in its April 2022 policy meeting, ”said Brickworks Ranking.

    "An increase in the reverse repo rate will mean that this is the first step to indicate normalization. We can expect more such increases until the 25 bps corridor is reached, "said Madan Sabnavis, chief economist at Bank of Baroda. "Markets will accept that interest rate hikes have started and yields can be expected to rise. It will be a precursor to the repo rate increases that are coming. "

    The RBI's monetary policy meeting comes days after the Union's finance minister, Nirmala Sitharaman, presented the 2022 budget to parliament.

    How to watch RBI Monetary Policy Decisions live today

    1. YouTube: You can watch the LIVE address of RBI Governor Shaktikanta Das on YouTube
    2. Twitter: RBI Governor Shaktikanta Das' address to the country will also be streamed on the Central Bank's official Twitter handle @RBI.
    3. Facebook: The address will be streamed simultaneously on Reserve Bank of India's Facebook page.

    There have been widespread speculations about the central bank increasing the reverse repo rates by 20 bps. The Reserve Bank kept Accommodative Stance unchanged during MPC meeting on 8 December. The central bank also kept the reverse repo rate and the marginal standing facility unchanged.

    RBI Monetary Policy 2022 Meeting Live Updates

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