RBI's monetary policy panel starts deliberations; decision on June 6
The Hindu
RBI's MPC meeting to decide on rate cut amid economic growth concerns, with expectations of 25-50 bps reduction.
The Reserve Bank's rate-setting panel started its three-day brainstorming on monetary policy as expectations are high of a 25 Basis Points (bps) or even a jumbo 50 bps rate cut to fuel economic growth amid uncertainties created by Donald Trump's tariff moves.
The decision of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Friday (June 6, 2025).
The RBI reduced the key interest rate (repo) by 25 bps each in February and April, bringing it to 6%.
This could be the third back-to-back reduction in the short-term benchmark lending rate.
In response to the 50-bps cut in the policy repo rate since February 2025, most of the banks have reduced their repo-linked External Benchmark-based Lending Rates (EBLRs) and Marginal Cost of funds-based Lending Rate (MCLR).
ALSO READ | How does the repo rate work?
Experts are of the view that the RBI may reduce the repo rate by 25 bps on Friday (June 26, 2025) and another similar cut in the next policy. However, an SBI research expects the central bank to go in for a "jumbo" rate cut of 50 bps in June itself.
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