The six-member MPC will meet for three days from December 4-6, 2024, and will be chaired by Governor Shaktikanta Das. This is the fifth meeting of the MPC in the 2024-25 fiscal year (FY25)

The benign outlook of headline CPI inflation in medium term may help the members on the MPC to think about key interest rate cut in its upcoming meeting that concludes on December 6. The move is likely to ease liquidity conditions.

The Reserve Bank of India( RBI ) is set to hold its Monetary Policy Committee (MPC) for  the December. This year, the MPC has already convened in April, June, August, and October. The final meeting for FY25 is slated for February 2025.

The December MPC will convene from 4 to 6 December, with the decisions announced live by Governor Shaktikanta Das at 10 AM on December 6. The announcement can be streamed live on the RBI’s YouTube, Facebook, and X platforms. Updates will also be available on the Business Standard website and social media platforms.

The government is yet to confirm whether Das, who was first appointed in 2018 and given a three-year extension in 2021, will receive another term.

The six-member MPC may also retain the monetary policy stance as ‘neutral’ in the upcoming policy, economists said. The MPC’s decision is expected to be announced on December 6.

The Reserve Bank of India (RBI) is expected to keep policy rates unchanged in the upcoming Monetary Policy Committee (MPC) meeting scheduled from December 4 to December 6, according to a report by the State Bank of India (SBI).

Experts expect the central bank to also lower its growth projections in the upcoming MPC meeting after lower-than-expected GDP numbers for the September quarter

Experts suggest that while a rate cut in December seems unlikely, a reduction in the Cash Reserve Ratio (CRR) could be on the cards to support liquidity in the system.