RBI MPC meeting schedule: The Monetary Committee of RBI meets every two months and takes decisions on the monetary policy of the country. In such a situation, there are six meetings in a year. The Central Reserve Bank has released the schedule of MPC Meetings for FY2024-25.
RBI MPC meeting schedule: The financial year 2024-25 is about to start. The Monetary Policy Committee meeting of the Central Reserve Bank (RBI) is going to be held in the first month of April itself. RBI MPC is scheduled to meet from 3rd to 5th April. The Monetary Committee of RBI meets every two months and takes decisions on the monetary policy of the country. In such a situation, there are six meetings in a year. The Central Reserve Bank has released the schedule of MPC Meetings for FY2024-25.
When will the RBI MPC meetings be held in FY2024-25?
RBI has issued a press release on Wednesday named Meeting Schedule of the Monetary Policy Committee for 2024-2025, which states that under Section 45ZI of the Reserve Bank of India Act, 1934, it has been determined that the Monetary Policy Committee will meet in 2024. The meeting will be held on these dates in -25.
April 3-5, 2024
June 5-7, 2024
August 6-8, 2024
October 7-9, 2024
December 4-6, 2024
February 5-7, 2025
What is the repo rate going on?
Policy repo rate 6.5%
Marginal standing facility rate 6.75%
Standing Deposit rate 6.25%
Reverse Repo Rate 3.35%
Bank Rate 6.75%
CRR 4.5%
SLR 18%
What decision came in February?
Before this, RBI MPC had held a meeting in February, in which the repo rate was kept stable at 6.5% for the sixth consecutive time. 5 out of 6 MPC members were not in favor of the change in rates.
What has been the trend of RBI Repo Rate?
| Dec-23 | 6.5% | Status Quo |
| Oct-23 | 6.5% | Status Quo |
| Aug-23 | 6.50% | Status Quo |
| June | 6.50% | Status Quo |
| April | 6.50% | Status Quo |
| February | 6.50% | 0.25% Increase |
| December | 6.25% | 0.35% increase |
| Sept 2022 | 5.9% | 0.5% increase |
| Aug-2022 | 5.4% | 0.5% increase |
| June – 2022 | 4.9% | 0.5% Increase |
| May-22 | 4.4% | 0.40% Increase |
| Apr-22 | 4% | Status Quo |
| Feb-22 | 4% | Status Quo |
| Dec -21 | 4% | Status Quo |
| Oct -21 | 4% | Status Quo |
| Aug-21 | 4% | Status Quo |
| Jun-21 | 4% | Status Quo |
| Apr-21 | 4% | Status Quo |
| Feb-21 | 4% | Status Quo |
| Dec-20 | 4% | Status Quo |
| Oct-20 | 4% | Status Quo |
| Aug-20 | 4% | Status Quo |
| May-20 | 4% | 0.40% cut |
