RBI MPC Meet June 2025: Where To Watch Governor Sanjay Malhotra's Live Address On Key Rate Cut Decision

The Reserve Bank of India's Monetary Policy Committee (MPC) started its three-day June meeting yesterday. The discussions are underway with industry expectations that the central bank may announce a possible third consecutive repo rate cut by 25-basis-point (bps).

Now all eyes are on Governor Sanjay Malhotra, who will announce the outcome of this meeting tomorrow. The deliberations of this meeting are significant, not just for its potential third consecutive rate cut, but also as Malhotra's third major policy statement since taking over from Shaktikanta Das.

Where to Watch the RBI Governor's Livestream

Governor Malhotra's policy statement will be streamed live at 10 am on June 6 across the RBI's official YouTube channel, its X (formerly Twitter) account, and the RBI website. A follow-up press conference will take place at 12 noon, which is also available via livestream on the same platforms.

Is further rate cut expected from RBI MPC Meet this time?

The expectations across various industries show a growing anticipation that the central bank may announce another 25-basis-point (bps) cut. If these anticipations come true, this will mark back-to-back reductions in February and April. The repo rate currently stands at 6 per cent, and several banks have already passed on the rate cut benefit to consumers by offering lower lending rates.

Retail inflation in April 2025 eased to 3.16 per cent, the lowest since July 2019, providing enough headroom for a potential rate cut. At the same time, India's GDP growth has slowed to a four-year low of 6.5 per cent, further prompting calls for stronger monetary support.

In fact, a recent SBI report hinted at a bolder 50-bps cut. It suggests that RBI may opt for a large rate cut in order to revive the credit cycle and support economic activity.

What are industry expectations?

Home loan rates have already started dipping below 8 per cent in some banks, and another cut could further ease EMIs for borrowers. Says Umesh Gowda, Chairman of Sanjeevini Group, "We expect another 25bps cut. Real estate sales have been steady, and lower rates will help both buyers and developers."

Vimal Nadar, Head of Research at Colliers India, echoed similar sentiments. "A third straight rate cut could improve housing demand, especially in the affordable and mid-income segments," he said, adding that the accommodative stance is likely to continue.

From the bond market's lens, Suresh Darak, Founder of Bondbazaar, noted that lower rates may push bond prices higher. "If inflation stays low, yields could fall further, benefiting fixed-income investors," he said.