Reserve Bank of India’s MPC meetings schedule for 2024-25 released

Recently, the Reserve Bank of India (RBI) has announced the schedule of review meetings of the Monetary Policy Committee (MPC) for the new financial year 2024-25 starting from April 1.

Six-member committee meeting

• The first MPC meeting will run from 3 to 5 April 2024.
• The next meeting will begin on June 5, while the monetary review will be announced on June 7. After this, the next meeting will be held from 6 to 8 August, then from 7 to 9 October, then from 4 to 6 December.
• The final MPC meeting will be held from 5 to 7 February 2025.

Key points of MPC meeting 2024-25

• In the Monetary Policy Committee (MPC) meeting, various topics related to monetary policy are discussed for 2 days before the member review meeting.
• Members of the six-member committee vote on a resolution on the third day of the meeting. The RBI Governor then announces the results of the meeting after the completion of voting.
• The six-member MPC, chaired by the RBI Governor, consists of three outside members, while three members, including the Governor, are from the Reserve Bank.

About Monetary Policy Committee (MPC)

• Formation: June 27,2016
• It is a committee constituted by the Central Government and headed by the Governor of Reserve Bank of India.
• The objective of this committee is less. To promote stable inflation and growth.
• The Chairman of the Monetary Policy Committee is the Governor of RBI.

Click here to read this article in Hindi.