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LIVE: RBI policy expectations – MPC to hold repo rate for sixth time? Will the stance change?

The Reserve Bank of India (RBI)-led Monetary Policy Committee (MPC) is likely to leave key interest rates unchanged in this week’s monetary policy review. All eight experts who participated in the Moneycontrol survey said that there won’t be any change in policy rates. Seven of them highlighted that the central bank would maintain the policy stance of withdrawal from accommodation in the meeting, thus largely continuing the policy approach taken in recent months. One person said the stance could be changed to neutral. If the MPC maintains status quo on February 8, this will be the sixth consecutive pause in the last one year. Since the April monetary policy in 2023, the RBI has kept the repo rate unchanged at 6.5%, after raising it by 250 bps since May 2022. What should we expect from the RBI this time around and will the focus be more on liquidity management rather than rates? Catch this chat between Moneycontrol’s Nandita Khemka and CNBC-TV18’s Executive Editor Latha Venkatesh.

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