RBI Monetary Policy Met: The Reserve Bank of India, or RBI, is set to hold a press conference on Friday, August 5, on the decisions taken during its Monetary Policy Committee (MPC) meeting, which began on August 4 and will end today. The RBI’s MPC address will begin at 10 am on the day, where RBI Governor Shaktikanta Das will announce the revised economic projections and decisions taken by the central bank on the pace of interest rates.
Economists and analysts have said that the RBI is expected to hike the repo rate for the third consecutive time in three months by 35 to 50 basis points to further reduce inflation. After the central bank hiked the repo rate by a total of 90 basis points during May and June, to rein in skyrocketing prices, inflation has been easing over the past three months.
Here’s how to watch RBI MPC Meet Shakti Kant Das address live today.
Watch RBI Governor @DasShaktikanta’s Monetary Policy Statement on 05 August 2022 at 10:00 AM YouTube: youtu.be/2VXCSN9Ypes Post Policy Press Conference at 12:00 PM same day YouTube: youtu.be/Koxi9RMCsvo
— ReserveBankOfIndia (@RBI) August 4, 2022
Youtube: You can watch the live address of RBI Governor Shakti Kant Das on YouTube in the given link.
Facebook: The address will be simultaneously broadcast on the Facebook page of the Reserve Bank of India.
Twitter: RBI Governor Shaktikanta Das’ address to the nation will also be telecast on the central bank’s official Twitter handle @RBI.
In addition, you can also be monitored. News 18 Live Blog For the MPC meeting, which will be updated minute by minute with latest news.
Reserve Bank of India Governor Shaktikanta Das will also address a press conference after announcing the decisions at 12 pm. One can watch it live on YouTube at https://www.youtube.com/watch?v=Koxi9RMCsvo&feature=youtu.be
The RBI MPC meeting comes at a time when global central banks are tightening monetary policy and raising interest rates. Along with ECB and US Fed rate hikes, the central bank is also likely to increase its key policy rate by 35-50 basis points.
“The RBI’s deliberations are likely to center around the global monetary policy cycle and global growth outlook. External sector imbalances are reflected in pressure on the rupee,” said Suvdeep Rakshit, senior economist at Kotak Institutional Equities. Recent softening of global commodity prices; domestic inflation and growth momentum… Arguably, the rate of increase is well balanced within the range of 35-50 bps.
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