RBI monetary policy LIVE :  Reserve Bank of India (RBI) governor Shaktikanta Das today February 8 announces the outcome of the meeting of the Monetary Policy Committee (MPC). 

The bi-monthly announcement comes at a time when experts around the world have sounded caution that the worst of inflation may not be behind us yet though both the Indian central bank and US Federal Reserve have indicated otherwise. 

Track RBI monetary policy LIVE updates here: Prior to the RBI policy decision, inflation is still high: The drop in inflation figures is unquestionably encouraging, but the overall inflation basket is still highly sticky, according to Sonal Varma, MD and Chief Economist-India at Nomura Financial Advisory and Securities. Despite this, she believes that signals point to a speedier disinflation and a lowering of the inflation's goods component. Inflation is, in her perspective, less of a problem currently than it was in December.

Here are the predictions made by analysts before RBI enters "pause": The Monetary Policy Committee (MPC), which is led by RBI Governor Shaktikanta Das, began its three-day meeting on Monday with anticipations of a modest 25 basis points. The rate rise campaign that began in May of last year to control inflation, according to experts, will come to an end with this one.

Focus on global concerns before RBI announcement: The RBI cannot ignore the macro and global challenges that may still pose a threat to the economy, according to Samiran Chakraborty, Chief Economist-India at Citi. He warned about the current account imbalance, particularly with regard to services.

RBI unlikely to change GDP growth forecast : When it comes to growth, the economists don't expect a major shift in stance, i.e. they expect RBI to stick with a 6.8 percent growth forecast for FY23.

On the stance, the street is divided. 40 percent percent believe that the MPC will retain its stance which is "withdrawal of accommodation". However, 20 percent believe that a tweaking of words maybe on the cards.

RBI is likely to cut its inflation prediction: Given the cooling off we have experienced in recent months, the majority of people anticipate that the RBI will cut its fiscal inflation projection by between 10 and 20 basis points.

What does a rise in loan rate of 25 basis points mean?: Current suggests that this rate-hike cycle may be coming to an end, and this was supported by 100 percent of respondents who believed that the rate increase in February will be the final one. As a result, 90 percent of respondents think that this cycle's peak rate will be limited at 6.50 percent.

RBI set for fifth-straight rate hike to quell inflation

RBI likely to settle for 25-bps repo rate hike: Experts

Centre hopes dividend of Rs48,000 cr from RBI, PSU banks in FY24