RBI Monetary Policy Committee December 2024 Meeting: Date And Time, When And Where To Watch

The Monetary Policy Committee (MPC) is set to host its final meeting of the year in December 2024, under the aegis of Governor of Reserve Bank Of India ( RBI ) and ex-officio Chairperson Shaktikanta Das. The previous meeting was held in October 2024, without alteration to the then trending interest rate. You can watch the RBI Monetary policy details here. The meeting will be held from December 4 to 6, 2024.

What Was The Conclusion Of The Previous MPC?

The last meeting of the MPC took place on October 9, 2024, wherein the RBI kept the repo rate steady at 6.5 per cent for the 10th consecutive time. Five out of the six members were in favor, while one voted against.

What Is The Monetary Policy Committee?

The MPC is a body under the RBI's Monetary Policy Department. responsible for setting interest rates or what we call the 'repo rate'. Once announced, the repo rate has a trickle down impact on the Indian economy, ultimately impact the common man. The Financial Markets Operations Department (FMOD) is responsible for implementing the monetary policy.

Who Is In The Current Monetary Policy Committee

Shaktikanta Das is The Governor of the Reserve Bank of India and the Chairperson of the MPC,  Michael Debrata Patra is The Deputy Governor of the Reserve Bank of India in charge of monetary policy, Rajiv Ranjan is The Executive Director of the Reserve Bank of India in charge of monetary policy, Ram Singh: is The Director of the Delhi School of Economics, Nagesh Kumar is The Director and Chief Executive of the Institute for Studies in Industrial Development,  Saugata Bhattacharya is an economist and former Chief Economist at Axis Bank Ltd. 

As per a Reuters poll it is predicted that the repo rate will remain unchanged at 6.5 per cent, however, fiv economists predict that there will be a reduction of 25 basis points. 

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