New Delhi: The Reserve Bank of India is scheduled to hold a news conference on Friday, April 8 to discuss the decisions taken during its Monetary Policy Committee (MPC) meeting, which began on April 6 and will end today. The meeting will begin at 10 am on the day of the meeting, with RBI Governor Shaktikanta Das announcing revised economic predictions and the central bank’s options on the interest rate trajectory.
According to a Reuters poll, the RBI will only raise interest rates at the MPC meeting in August.
The six-member rate-setting council convenes at a critical moment when tensions between Russia and Ukraine have soared inflation, which has, among other things, led to a rise in fuel prices. Markets have also been extremely turbulent lately. Prices of essential commodities have also risen dramatically, prompting the RBI’s Monetary Policy Committee (MPC) to focus on inflation rather than growth this time.
The Reserve Bank of India has tweeted where and how to watch the RBI MPC meeting in real time. “Watch RBI Governor @DasShaktikanta’s Monetary Policy Statement on April 08, 2022 at 10:00 AM,” the tweet said.
The meeting can be viewed on YouTube, Facebook and Twitter.
Reserve Bank of India Governor Shaktikanta Das will hold a press conference after the announcement of the decision at 12 noon. It can be seen live on YouTube https://youtu.be/nA9YhLwV9RA ,
The world economy as well as that of India has changed dramatically since the last meeting of the MPC in February, with the Russo-Ukraine war being one of the major reasons. It will be interesting to see how Shaktikanta Das reacts to the situation during the RBI MPC meeting.
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