RBI Governor Sanjay Malhotra to Address February MPC Meeting; Check Key Date, Time

The Reserve Bank of India’s (RBI) newly-formed Monetary Policy Committee (MPC), under the leadership of Governor Sanjay Malhotra, will convene from February 4 to February 7, 2025. A key focus is the repo rate decision.

RBI’s Key Deliberations Ahead of Feb 7 Announcement

The upcoming MPC meeting, held from February 4 to February 7, marks the first under Governor Sanjay Malhotra.

He took office in December 2024 following the tenure of Shaktikanta Das. During this crucial meeting, market participants will be closely watching the repo rate announcement on February 7.

Market Expectation

As per news reports, a 25 basis point reduction in the repo rate is expected. If confirmed, the benchmark lending rate could drop from 6.5% to 6.25%, aligning with recent economic data and efforts to enhance liquidity in the banking system.

In December 2024, the RBI took proactive steps to enhance liquidity by slashing the Cash Reserve Ratio (CRR) by 50 basis points, injecting approximately ₹1.16 lakh crore into the economy. Last month, the central bank further expanded liquidity with ₹1.5 lakh crore to support the financial system.

RBI MPC Date and Time

The repo rate decision will be made at 10:00 AM on February 7. Governor Malhotra will hold a press conference at 12 noon, addressing the rationale behind the MPC’s decisions and offering insights into the broader economic outlook.

RBI MPC December Decision Highlights

In the previous bi-monthly monetary policy of FY25, the Reserve Bank of India (RBI), led by Governor Shaktikanta Das, held the repo rate steady at 6.5%. This marked the eleventh consecutive meeting with no change in the rate.

The decision was made with a 4-2 majority, and the MPC also opted to maintain a ‘Neutral’ stance, focusing on aligning inflation with the target while supporting growth. Additionally, the RBI reduced the Cash Reserve Ratio (CRR) by 50 basis points to 4%.

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