The Reserve Bank of India (RBI) has released the schedule for the Monetary Policy Committee (MPC) meetings for the financial year 2025-26. The MPC will meet six times during the financial year 2025-26 to review the country’s monetary policy.
MPC Meeting Schedule:
| Meeting Number | Scheduled Dates |
|---|---|
| 1st Meeting | April 7-9, 2025 |
| 2nd Meeting | June 4-6, 2025 |
| 3rd Meeting | August 5-7, 2025 |
| 4th Meeting | September 29 – October 1, 2025 |
| 5th Meeting | December 3-5, 2025 |
| 6th Meeting | February 4-6, 2026 |
Notably, the outcome of the meeting is announced on the last day of the meeting by the RBI Governor. In financial year 2025-26, the first MPC meeting is scheduled between April 7 and April 9, whereas the last meeting is scheduled between February 4-6, 2026.
What Else For RBI Monetary Policy?
RBI’s Monetary Policy Committee is responsible for setting India’s key interest rates, primarily the repo rate. Moreover, this rate influences borrowing and lending rates across the economy. The MPC consists of six members, three from the RBI, including the Governor, and three external members appointed by the Central Government.
Notably, the MPC meets every two months to assess the economic situation and decide on the monetary policy stance. The main motive of this committee is to maintain price stability while supporting economic growth. The central bank has a target of keeping inflation within the range of 2-6%, with a medium-term goal of 4%.
During each meeting, the MPC evaluates various economic indicators such as inflation, GDP growth, global financial trends, and liquidity conditions. Thereafter, it makes its decision on the key lending rates.
Businesses, investors, and consumers are significantly impacted by the outcome of these meetings. The MPC is responsible for the changes in interest rates to affect loan EMIs, deposit rates, and overall economic activity.
Furthermore, the financial markets of the country also closely track these decisions, as they influence investors sentiment.
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