The Reserve Bank of India (RBI) has announced the Monetary Policy Committee (MPC) meeting schedule for the financial year 2025-26 in accordance with Section 45ZI of the Reserve Bank of India Act, 1934. The MPC plays a crucial role in formulating India’s monetary policy, assessing economic conditions, and making key decisions regarding interest rates, inflation control, and financial stability.
What is the Monetary Policy Committee (MPC)?
The Monetary Policy Committee is a six-member committee responsible for setting the repo rate and other monetary policy tools to maintain price stability while supporting economic growth. The committee consists of members from the RBI and external experts appointed by the government.
Scheduled Meeting Dates for 2025-26:
The MPC will be held on the following dates:
- April 7, 8, and 9, 2025
- June 4, 5, and 6, 2025
- August 5, 6, and 7, 2025
- September 29, 30, and October 1, 2025
- December 3, 4, and 5, 2025
- February 4, 5, and 6, 2026
Significance of MPC Meetings
During these meetings, the MPC will:
- Review inflation trends and economic growth indicators.
- Decide on policy rates, including the repo rate, which affects borrowing costs for banks, businesses, and consumers.
- Analyze global and domestic economic conditions.
- Announce measures to ensure financial stability and liquidity management.
- Provide guidance on future monetary policy outlook.
How Does This Affect You?
The decisions made during these meetings will have a direct impact on:
- Loan and deposit interest rates – Changes in the repo rate influence home loans, personal loans, and fixed deposit rates.
- Inflation and cost of living – Monetary policy decisions aim to keep inflation under control while ensuring economic growth.
- Stock markets and investments – Investors and businesses closely watch MPC decisions as they affect market sentiment and investment trends.
