Fri Dec 06 05:29:19 UTC 2024: ## RBI to Announce Interest Rate Decision on Friday

**Mumbai, India** – The Reserve Bank of India (RBI) is poised to announce its crucial interest rate decision this Friday, December 6th, following a three-day monetary policy meeting. While experts predict the repo rate (short-term lending rate) will remain unchanged at 6.5 percent – a level maintained since February 2023 – adjustments to the cash reserve ratio (CRR) are anticipated to navigate the complexities of high inflation and sluggish GDP growth.

The announcement, to be made at 10:00 am by RBI Governor Shaktikanta Das, concludes the last MPC meeting of his current term, ending December 10th. The six-member Monetary Policy Committee (MPC), chaired by Governor Das, has been deliberating since Wednesday. The MPC members include prominent economists and RBI officials.

The government has mandated the RBI to keep CPI-based inflation at 4 percent, plus or minus 2 percent. The central bank implemented a series of rate hikes totaling 250 basis points between May 2022 and February 2023 before pausing in February 2023. Friday’s announcement will reveal whether the RBI sees the need for further monetary policy adjustments in light of current economic indicators.

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