RBI Monetary Policy, MPC Meet 2025: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has cut Repo rate by 50 bps, significantly higher than estimates. The big change is the stance adopted by RBI. The Reserve Bank has now changed its stance to ‘Neutral.’ Food inflation outlook soft and core inflation outlook benign. The inflation outlook for the year has been revised downwards to 3.7%. GDP growth seen lower amidst global challenges.
Early beginning of Monsoon positive, but global uncertainty continues, said RBI. “Global growth and trade projections have been revised downward. Growth-inflation trade-off becoming more challenging,” explained RBI Governor Sanjay Malhotra. He added that Financial Stability is a big challenge amidst global spillover and tech challenges posed by AI and other innovations.
RBI says need to maintain growth momentum
Given the changing growth outlook, the RBI Governor clarified that the rate cut has been undertaken with the objective to maintain growth momentum.
In its last meeting in April, the RBI reduced the repo rate by 25 bps to 6 per cent from 6.25 per cent. This followed a similar 25 bps cut in February, bringing the rate from 6.5 per cent to 6.25 per cent. In the April review, the MPC had also decided to switch to an ‘accommodative’ stance from ‘neutral’.
RBI MPC Meeting June 2025 Highlights:
RBI Monetary Policy Meet Live Updates: Where to watch MPC announcement?
The three-day RBI MPC meeting concludes today, with Governor Sanjay Malhotra set to announce the policy decision at 10:00 am. The address will be streamed live on the RBI’s official YouTube channel. For live updates and expert analysis, viewers can follow major financial news platforms like FinancialExpress.com and various social media channels.
RBI Monetary Policy Meet Live Updates: RBI MPC meeting dates for FY26
In March, the central bank had released its meeting schedule for the financial year 2025-26. The six scheduled MPC meetings for FY26 are as follows:
April 7-9, 2025
June 4-6, 2025
August 5-7, 2025
September 29-October 1, 2025
December 3-5, 2025
February 4-6, 2026
RBI Monetary Policy Meet Live Updates: Introduction to the MPC
The RBI’s Monetary Policy Committee (MPC), headed by Governor Sanjay Malhotra, consists of six-members which includes three external members. In October, the Centre had appointed three new external members – Saugata Bhattacharya, Economist; Dr Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development; and Professor Ram Singh, Director, Delhi School of Economics, University of Delhi.
The three internal members are Chairperson Sanjay Malhotra, RBI Executive Director Dr Rajiv Ranjan, and Deputy Governor M Rajeshwar Rao.
Good Morning! As the RBI MPC meeting enters its third day, with Governor Sanjay Malhotra expected to announce the outcome today, FinancialExpress.com is fully geared up to bring you the latest on the repo rate, inflation and growth projections, key factors influencing the decision, expert insights, and more. Stay with us for real-time updates.