The Reserve Bank of India on Wednesday announced the schedule for future meetings of its Monetary Policy Committee (MPC), with the first three-day meet scheduled for April3 till April 5.
Wednesday’s dates are for the next financial year, with meetings scheduled all the way till February, next year. The second meeting will be held from June 5-7 while the next meeting is scheduled between August 6-8.
The meeting schedule for the second half of the next financial year is as follows – October 7-9, December 4-6 and February 5-7, according to the RBI’s announcement.
The six-member MPC is the rate-setting panel of the central bank, comprising three RBI officials and three external members. After raising interest rates by a cumulative 250 basis points from May 2022 to February 2023, the MPC has maintained a status quo on monetary policy.
