The Reserve Bank of India (RBI) is set to announce its second monetary policy decision for FY26 on Thursday, June 6, 2025, at 10:00 AM. This announcement will conclude the three-day meeting of the Monetary Policy Committee (MPC), which begins on Tuesday, June 4. The broad consensus is that the RBI will decide to cut rates by 25 bps.
Highlights of RBI’s April MPC meeting
If the RBI decides to cut the repo rate, it will be the third consecutive cut this year. In its previous meeting on April 9, the RBI had reduced the rate by 0.25 percentage points, expecting inflation to ease due to falling food and crude oil prices. This decision followed the rate cut in February—the first in almost five years (since May 2020)—when the repo rate was lowered by 0.25 percentage points to 6.25 per cent, with a shift in policy stance from ‘neutral’ to ‘accommodative’.
Several factors, including the inflation trajectory, recently released GDP growth data, industrial output, and the outlook for the monsoon, among others, are expected to influence the RBI Monetary Policy Committee’s decision.
Where to check RBI MPC announcements for June 2025?
RBI Livestream: The RBI will livestream the policy announcement, followed by a press conference, from 10:00 AM on June 6, 2025, on its YouTube channel and social media handles, including X (formerly Twitter).
Financial Express: Financial Express and other financial news outlets will closely monitor the developments and simultaneously cover the details of the policy decision, its impact, and the economic outlook.
Government websites: The Ministry of Finance and PIB will also publish data on their websites and share the livestream link.
The six-member Monetary Policy Committee for June 2025 will be chaired by Governor Sanjay Malhotra, who will make the official announcement.
What analysts are expecting
Economists and market analysts widely anticipate a rate cut in this meeting. A Reuters poll indicates that the RBI is expected to reduce the benchmark interest rate by 25 basis points to 5.75 per cent. However, the State Bank of India (SBI) has predicted a more aggressive approach, anticipating a 50 basis point cut.