New Delhi:
RBI MPC 2025-26: The first Monetary Policy Meeting of the new Financial Year 2025-26 has started today i.e. 7 April. This three -day meeting of the Reserve Bank of India (RBI) will end on 9 April. On the same day at 10 am, RBI Governor Sanjay Malhotra will announce the decisions taken in this meeting.
This time can the loan be cheaper again?
Market experts and economists believe that this time also RBI can cut the repo rate by 0.25%. If this happens, the repo rate will come down from 6.25% to 6% directly. This can provide relief to people taking personal loan, home loan and business loans, because banks can also reduce interest rates.
There has already been cut in February
Let us know that in the previous Monetary Policy Committee (MPC) meeting held in February, RBI also cut 25 basis points i.e. 0.25% in the repo rate cut. This was the first time in the last about 5 years when RBI had reduced the interest rate.
Why are you expecting cuts?
At present, there has been a slight softening in retail inflation i.e. retail inflation. It fell to 3.61% in February, which is the lowest level in the last 7 months. The decline in prices of vegetables, eggs and other essential things is the reason behind this. Due to this, RBI seems to have scope to reduce the repo rate.
GDP growth for 2025-26 is expected to be around 6.7%. At the same time, retail inflation is also expected to remain under control.
The US has announced a heavy counter -duty (11% to 49%) on 60 countries including India and China from April 9. This can increase pressure on global economy. In such a situation, RBI can show flexibility in the policy to boost domestic growth.
Opinion of Bank of Baroda and Rating Agency ICRA
According to Madan Sabnavis, Chief Economist of Bank of Baroda, this time also the repo rate can be expected to be reduced by 0.25%. He said that liquidity means liquidity is stable and inflation is also under control. At the same time, ICRA has said that RBI will maintain a neutral attitude this time and the repo rate can be cut slightly.
However, the Industry Chamber Assocham has told the RBI that in view of the situation, one should take a ‘look and wait’ stand. Assocham believes that recently the measures that have been taken to increase liquidity may take some time to appear.
What will be the effect?
If the RBI brings the repo rate to 6%, it will make the loan and easier. Signature Global founder Pradeep Aggarwal said that this decision will increase housing demand and more people will invest in property. However, its real impact will be on how soon and how perfectly to the banks of RBI to their customers.
Final decision will be taken on 9 April
Now everyone’s eyes are on the announcement of April 9. If the repo rate is cut, then it will be a big relief for those who fulfill the dream of home and start small business.