BI MPC Meeting Highlights, RBI Monetary Policy Meeting Outcomes, RBI MPC Meeting August 2025 News & Live Updates: Find here all the key highlights regarding Reserve Bank of India’s (RBI) Monetary Policy Committee meeting.
In the last Monetary Policy Committee (MPC) meet in June, the Reserve Bank of India (RBI) announced a 50-basis point (bps) cut to the repo rate, bringing it down to 5.5 per cent from 6 per cent. RBI Governor Sanjay Malhotra announced the decision in his address two days after the MPC meet commenced on June 4. This followed rate cuts in February and April MPCs during which the repo rate was cut 25 bps on both instances.
There is an expectation of status quo in this MPC meet, especially with retail inflation cooling to 2.10 per cent in June.
Here are the highlights from the Reserve Bank of India’s Monetary Policy Committee (MPC) meetings from June ’25, April ‘25, February ‘25, December ’24, October ’24, August ’24, June ’24 & April ’24
Schedule of upcoming RBI MPCs in FY26
- 09:55 | August 6, 2025
RBI MPC Live News Updates: Interest rate swaps suggest the RBI will keep rates steady in August
Interest rate swaps suggest the RBI will keep rates steady in August, with only a modest chance of a quarter-point cut in October, according to Bank of India Investment Managers Pvt.
“Should inflation demonstrate sustained moderation—especially core inflation—yields may soften, particularly in the medium and long segments of the curve,” said Alok Singh, chief investment officer at the firm. “Conversely, any hawkish surprises or external shocks could drive yields higher.”
- 09:55 | August 6, 2025
RBI MPC Live News Updates: RBI Governor has hinted that there could be rate cuts
Last month, Governor Sanjay Malhotra said there was room for further cuts, though the threshold for easing remains high. The central bank is also expected to maintain its “neutral” policy stance, giving rate-setters some flexibility amid global uncertainty.
- 09:52 | August 6, 2025
RBI MPC Live News Updates: Trump’s tariff to test RBI: Decision Guide
US President Donald Trump’s tariff shock on India is complicating the central bank’s interest rate decision Wednesday, with some economists bringing forward their expectations for easing.
Trump’s tariff to test RBI: Decision Guide
Trump’s tariff shock complicates India’s interest rate decision, with some economists expecting easing amid global uncertainty.
- 09:41 | August 6, 2025
RBI MPC Live Updates: RBI may announce 25 bps rate cut in August to boost credit growth ahead of Diwali: SBI Report
The report said a frontloaded rate cut in August could bring an “early Diwali” by boosting credit growth, especially as the festive season in FY26 is also frontloaded. It added that past data show a clear trend, any repo rate cut ahead of Diwali results in higher credit growth during the festive period.
RBI may announce 25 bps rate cut in August to boost credit growth ahead of Diwali: SBI Report
RBI expected to announce 25 bps repo rate cut in MPC meeting, boosting credit growth before Diwali.
- 09:33 | August 6, 2025
RBI MPC Live Updates: Those batting for a pause expect the earlier rate cuts to work their way into the economy.
The pause is likely in the backdrop of retail inflation remaining below the panel’s 4 per cent target for the fifth consecutive month in June (at 2.1 per cent), the uncertain impact on growth due to Trump’s 25 per cent tariffs on US’ imports from India and its weakening effect on the Rupee, and possibility of negotiating lower tariffs with the US.
- 09:24 | August 6, 2025
RBI MPC Live Updates: What to expect? RBI likely to hold rates
The upcoming RBI’s Monetary Policy Committee (MPC) meeting will be held under the backdrop of sharply falling inflation, while the economic growth trajectory has been clouded by US trade policy. Does that mean RBI’s MPC should cut rates further in the upcoming meeting? We don’t think so.
RBI likely to hold rates
Tariff uncertainty will weigh on central bank’s move
- 09:16 | August 6, 2025
RBI MPC Live Updates: Many economists expect rate to be unchanged, according to a Reuters poll
A large majority of economists, or 44 of 57, in a July 18–24 Reuters poll expect the Reserve Bank of India’s monetary policy committee (MPC) to hold the repo rate at 5.50% on August 6.
- 09:05 | August 6, 2025
Who are the members of August 2025 RBI MPC?
RBI Officials (3)
- Sanjay Malhotra: RBI Governor and ex-officio Chairperson of the MPC
- Poonam Gupta: Deputy Governor of the RBI, in charge of Monetary Policy
- Rajiv Ranjan: Executive Director of the RBI.
External Members (3):
- Nagesh Kumar: Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi.
- Saugata Bhattacharya: Economist.
- Ram Singh: Director, Delhi School of Economics, University of Delhi.
- 08:55 | August 6, 2025
RBI MPC Live Updates: RBI to lower inflation target for FY26 in upcoming August MPC, inflation to surge to 4.5% in FY27: Report
The report highlighted that the Consumer Price Index (CPI) inflation may average around 3.1 per cent in FY26, significantly below the RBI’s current projection of 3.7 per cent. For FY27, inflation is expected to remain higher at around 4.5 per cent, due to the low base effect from FY26
RBI to lower inflation target for FY26 in upcoming August MPC, inflation to surge to 4.5% in FY27: Report
RBI expected to lower inflation target for FY26, with CPI projected at 3.1% and 4.5% for FY27.
- 08:47 | August 6, 2025
MPC members could be on the horns of a dilemma on repo rate decision at their upcoming meeting
To cut or hold the policy repo rate — this could be a tough call for RBI’s Monetary Policy Committee (MPC) at its upcoming meeting.
While a section of the experts opine that the rate setting panel should take a breather after cutting the policy repo rate by cumulative 100 basis points (bps), the others think it should persist with its frontloaded rate cut cycle.
MPC members could be on the horns of a dilemma on repo rate decision at their upcoming meeting
RBI’s Monetary Policy Committee faces a tough decision on cutting or holding the policy repo rate at the upcoming meeting.
- 08:38 | August 6, 2025
RBI MPC Live News Update: SBI’s Chief Economic Adviser Soumya Kanti Ghosh expects a 25 bps cut
SBI’s Chief Economic Adviser Soumya Kanti Ghosh said: “We expect RBI to continue frontloading with a 25 bps cut in the August policy. We are living in a frontloaded world. Tariff uncertainty frontloaded…better GDP growth frontloaded for now…CPI numbers in FY27 to continue to be frontloaded with even a sub 4 per cent number with new CPI series…even festive season is frontloaded in FY26.”
- 08:32 | August 6, 2025
RBI MPC Live Updates: What were the previous rate cuts?
The MPC has cut the policy repo rate thrice since February — 25 basis points (bps) each in February and April bi-monthly monetary policy review and by a jumbo 50 bps in June. The repo rate is currently at 5.50 per cent against 6.50 per cent before the February rate cut.
- 08:29 | August 6, 2025
Expect pause in next policy meeting, RBI already frontloaded rate cuts: CareEdge
“With a forward-looking outlook, the RBI would be focusing on inflation in the quarters ahead,” the report read.With CPI-based retail inflation expected to breach 4 per cent in Q4 2025-26 and average 4.5 per cent in 2026-27, the real policy rate would settle in the range of 1-1.5 per cent at the current repo rate,” CareEdge asserted.
Expect pause in next policy meeting, RBI already frontloaded rate cuts: CareEdge
The next bi-monthly RBI monetary policy review meeting is scheduled for August 4-6, 2025.
Published on August 6, 2025
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