Details, Time, How to Watch Shaktikanta Das Address Live


RBI Monetary Policy Meet: The Reserve Bank of India, or RBI, is very more likely to announce main choices taken at its financial coverage meet on Thursday, February 10. The central financial institution is extensively anticipated to hike the reverse repo charges after a spot of just about two years. The RBI had throughout its final bi-annual meet determined to maintain the rates of interest unchanged at file lows given the emergence of the Omicron variant of COVID-19, which precipitated the third wave in India.

The RBI’s MPC meet began a day again on Tuesday, as a substitute of Monday as a result of demise of iconic singer Lata Mangeshkar as a consequence of which the Maharashtra authorities designated a day for mourning. While basic persons are speculating the repo charges to stay unchanged, specialists are anticipating the central financial institution to hike the reverse repo price to normalize liquidity. However, if it does preserve the repo price mounted, this would be the tenth tie the Reserve Bank retains the identical stance.

“We expect the MPC to start increasing the policy rates beginning with normalizing the policy corridor between repo and reverse repo rate. We expect the RBI to hike the reverse repo rate in its April 2022 policy meeting,” said Brickworks Ranking.

“An increase in the reverse repo rate will mean this is the first step in signaling normalization. We may expect more such hikes till the 25 bps corridor is reached,” mentioned Madan Sabnavis, chief economist of Bank of Baroda. “Markets will take it that rate hikes have started and yields may be expected to move up. This will be a precursor to the repo rate hikes to come.”

The monetary policy meet of the RBI comes days after Union Finance Minister Nirmala Sitharaman presented the Budget 2022 at the Parliament.

Here is How to Watch RBI Monetary Policy Decisions LIVE Today

YouTube: You can watch the LIVE address of RBI governor Shaktikanta Das on YouTube using the following link:

Facebook: The address will be simultaneously streamed on Reserve Bank of India’s Facebook page.

Twitter: RBI Governor Shaktikanta Das’ address to the country will also be streamed on the Central Bank’s official Twitter handle @RBI.

You can also keep an eye on the News18 Live Blog for the MPC meet, which will be updated with the latest news.

The Reserve Bank of India governor will also address a press conference after the announcement of the decisions at 12 pm. One can watch it live on YouTube at https://youtu.be/nA9YhLwV9RA.

There have been widespread speculations about the central bank hiking the reverse repo rates by 20 bps. The reserve bank kept Accommodative Stance unchanged during December 8 MPC meeting. The central bank had also kept the Reverse Repo Rate and the Marginal Standing Facility unchanged.

Read all of the Latest News, Breaking News and Coronavirus News right here.



Source hyperlink

Leave a Reply

Your email address will not be published.