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

Reserve Bank of India (RBI) has announced the schedule of review meetings of the MPC for the new financial year 2024-25

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.
Who chairs the six-member Monetary Policy Committee (MPC)?

RBI Governor.

When will the last meeting of the Monetary Policy Committee (MPC) be held for the financial year 2024-25?

5 to 7 February 2025.

When was the Monetary Policy Committee (MPC) constituted?

June 27, 2016.

How many members are there in the Monetary Policy Committee (MPC)?

Six members.

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