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The second RBI MPC meeting of FY25 is starting today. This meeting will last for three days and the results will be announced on the last day. So far, RBI has reduced the repo rate in two consecutive meetings. In such a situation, the hopes of the people have increased this time too. Everyone's eyes are on whether the repo rate will be reduced again this time.

RBI MPC Meeting: The three-day meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is starting today from June 4. This will be the second meeting of the financial year 2025-26. Its results will come out on June 6. In the February and April meetings, RBI has cut the repo rate, after which the common man got a lot of relief because it made their loans cheaper and reduced the burden of EMI. In such a situation, it remains to be seen whether the central bank will give any such good news in this meeting as well? If experts are to be believed, this time also RBI can change the repo rate.

After two cuts, the repo rate is this much now

Let us tell you that earlier RBI had cut the interest rates by 0.25% in April. Interest rates were reduced from 06.25% to 6%. At the same time, before April, the repo rate was also reduced in February, at that time it was reduced from 06.50% to 06.25%. In this way, the repo rate has been cut twice since February. Currently the repo rate remains at 06.00%.

What is repo rate?

Just as you take a loan from the bank to meet your needs and repay it with a fixed interest, in the same way public, private and commercial sector banks also need to take loans to meet their needs. In such a situation, the interest rate at which the loan is given to the banks by the Reserve Bank of India is called Repo Rate. When the repo rate is low, the common man gets relief and when the repo rate increases, the difficulties for the common man also increase. When the repo rate increases, the banks get loans at a higher interest rate. In such a situation, the loan becomes expensive for the common man. On the other hand, when the repo rate is low, the loans become cheaper.

Second meeting of FY25

Let us tell you that RBI holds MPC meeting at an interval of every two months. This meeting goes on for three days and on the third day, the RBI Governor announces the decision taken in the meeting. The first meeting of FY25 was held from 7 to 9 April. This is the second meeting which will be held between June 4 and June 6. After this, RBI will hold 4 more meetings in this financial year. The third meeting will be held from 5 to 7 August, the fourth meeting from 29 September to 1 October, the fifth meeting from 3 to 5 December and the last meeting of FY25 will be held from 4 to 6 February.