RBI MPC schedule for FY25: The Reserve Bank of India (RBI) has introduced its schedule for the Monetary Policy Committee (MPC) conferences for the fiscal year 2024-25 (FY25), commencing from April 1, 2024. The central financial institution has stated that the first financial coverage meeting for FY25 is scheduled to happen from April 3-5, 2024.
Subsequent to this meeting, the RBI’s rate-setting panel will convene for its subsequent coverage deliberations in June, August, October, December of 2024 and February 2025.
The subsequent meeting will occur from June 5-7, and the August meeting from the sixth to the eighth.
In the latter a part of the subsequent monetary year, conferences are set for October 7-9, December 4-6, and February 5-7, in line with the RBI.
The MPC, with six members together with three RBI officers and three exterior members, units the central financial institution’s rates of interest. After rising charges by 250 foundation factors from May 2022 to February 2023, the MPC has saved financial coverage unchanged. The remaining MPC session for FY25 is slated for February 5-7, 2025.
ALSO READ | Can you alter the bank card billing cycle and due date greater than as soon as? Here’s what new RBI tips say
Here are the dates for the RBI’s MPC conferences scheduled for FY25:
Recap of RBI’s MPC meeting in February 2024
Subsequent to this meeting, the RBI’s rate-setting panel will convene for its subsequent coverage deliberations in June, August, October, December of 2024 and February 2025.
The subsequent meeting will occur from June 5-7, and the August meeting from the sixth to the eighth.
In the latter a part of the subsequent monetary year, conferences are set for October 7-9, December 4-6, and February 5-7, in line with the RBI.
The MPC, with six members together with three RBI officers and three exterior members, units the central financial institution’s rates of interest. After rising charges by 250 foundation factors from May 2022 to February 2023, the MPC has saved financial coverage unchanged. The remaining MPC session for FY25 is slated for February 5-7, 2025.
ALSO READ | Can you alter the bank card billing cycle and due date greater than as soon as? Here’s what new RBI tips say
Here are the dates for the RBI’s MPC conferences scheduled for FY25:
- April 3-5, 2024
- June 5-7, 2024
- August 6-8, 2024
- October 7-9, 2024
- December 4-6, 2024
- February 5-7, 2025
Recap of RBI’s MPC meeting in February 2024
The most up-to-date MPC meeting for the fiscal year 2023-24 was held from February 6-8, 2024. During this meeting, the RBI determined to take care of the benchmark rate of interest (repo fee) at 6.5 % for the sixth consecutive session as a result of considerations relating to inflation.
Of the six members, 5, together with Dr. Michael Debabrata, Shashanka Bhide, Ashima Goyal, and Rajiv Ranjan, voted in favor of sustaining the coverage fee unchanged, whereas Jayanth R Varma advocated for a discount of 25 foundation factors.
