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Business News/ Economy / RBI Monetary Policy Meeting Highlights: RBI shifts stance to ‘neutral’; sets tone for potential rate cuts

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RBI Monetary Policy Meeting Highlights: RBI shifts stance to ‘neutral’; sets tone for potential rate cuts

24 min read . Updated: 09 Oct 2024, 02:04 PM IST

Ankit Gohel

RBI Monetary Policy Meeting Highlights: The RBI’s rate-setting panel kept the benchmark repo rate unchanged at 6.5% and shifted policy stance to ‘neutral’. FY25 GDP estimates and CPI inflation forecast were retained.

RBI Monetary Policy Meeting Highlights: RBI Monetary Policy Committee (MPC) decided to keep repo rate unchanged at 6.5% and change stance to 'Neutral'. (Photo: AP) — RBI Monetary Policy Meeting Highlights: RBI Monetary Policy Committee (MPC) decided to keep repo rate unchanged at 6.5% and change stance to 'Neutral'. **(Photo: AP)**

RBI Monetary Policy Meeting Highlights: The Reserve Bank of India (RBI) announced its fourth bi-monthly monetary policy for FY25 today, October 9. After a three-day meeting of the six-member RBI Monetary Policy Committee (MPC), the RBI Governor Shaktikanta Das announced that the rate-setting panel decided to keep the benchmark repo rate unchanged at 6.5% for the tenth straight meeting. However, the MPC changed the policy stance to ‘Neutral’ from ‘withdrawal of accommodation’. FY25 GDP growth estimates were retained at 7.2%, while CPI Inflation forecast for FY25 remained at 4.5%. Stay tuned to our RBI policy live blog for the latest updates.

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RBI Monetary Policy Meeting Highlights: RBI shifts stance to ‘neutral’; sets tone for potential rate cuts

RBI Monetary Policy Meeting Highlights: The RBI’s rate-setting panel kept the benchmark repo rate unchanged at 6.5% and shifted policy stance to ‘neutral’. FY25 GDP estimates and CPI inflation forecast were retained.

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