The Reserve Bank of India (RBI) has released its schedule for the monetary policy committee (MPC) meetings in the upcoming financial year 2024-25 (FY25), which began on April 1, 2024.
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First RBI Monetary Policy meet is scheduled between April3 to 5 and subsequent meetings are set for June 2024, August 2024, October 2024, December 2024, and February 2025.
What Is The Purpose Of RBI’s Monetary Policy Meet
RBI typically conducts six bimonthly meetings in every financial year, wherein it discusses and reviews about interest rates, money supply, inflation outlook, and various macroeconomic indicators.
What Happened In RBI February Monetary Policy Meet?
The Reserve Bank of India (RBI) Monetary Policy Committee in its February review meeting kept the repo rate unchanged at 6.5 per cent and maintained the status quo for the sixth straight time.
The repo rate is the rate of interest at which RBI lends to other banks.
Retail inflation in India though, is in RBI’s 2-6 per cent comfort level but is above the ideal 4 per cent scenario. In February, it was 5.09 per cent.
What To Expect From RBI Monetary Policy?
Economists expect the RBI to maintain its current stance, considering India’s inflation and approach of the US Federal Reserve over its rate of interest and inflation.
According to the Reuters poll from March 15-22, economists anticipated that the RBI will keep the repo rate steady at 6.50 percent during its upcoming meeting.
The MPC panel, led by RBI Governor Shaktikanta Das, along with the total six members are expected to announce the decision on April 5 at 10 am.
Check Full Year Schedule For RBI Monetary Policy Meet
April 3-5, 2024
June 5-7, 2024
August 6-8, 2024
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October 7-9, 2024
December 4-6, 2024
February 5-7, 2025.
