RBI MPC Meeting 2026: The Reserve Bank of India (RBI) on Monday released the complete schedule of Monetary Policy Committee (MPC) meetings for the business year 2026-27. The next MPC meeting will be held between 6-8 April. The six-member Rate Setting Committee (MPC), chaired by the Governor of the Reserve Bank, meets at least four times a year. Usually it is held once every two months (bi-monthly). The new financial year is going to start from 1st April. In such a situation, let us see when the Monetary Policy Committee will meet for the year 2026.

On which date will the meeting take place?

• 6-8 April- First Bi-Monthly Policy Review
• 3-5 June- Second Bi-Monthly Policy Review
• 3-5 August- Third Bi-Monthly Policy Review
• 5-7 October- Fourth Bi-Monthly Policy Review
• 2-4 December- Fifth Bi-Monthly Policy Review
• 3-5 February- Final policy review of the financial year

Change in repo rate in 2025-26

February 2025- The repo rate was reduced from 6.50 percent to 6.25 percent with a cut of 0.25 basis points.

April 2025- The repo rate was brought down to 6.00 percent with a reduction of 0.25 basis points.

June 2025- A major reduction of 0.50 points was made in the repo rate and with this it came down to 5.50 percent.

August and October 2025- In the meetings held in both these months, the repo rate was maintained at 5.50 percent.

December 2025- The rates were again cut by 0.25 basis points and the repo rate came to 5.25 percent.

February 2026- In the last meeting of the financial year, there was no change in the repo rate and it remained at 5.25 percent.

Why was the repo rate cut?

• The repo rate was cut in the financial year 2025-26 with the aim of boosting economic growth (GDP growth) amidst reduced inflation.
• By December 2025, the retail inflation rate had come down to a level of about 2.0 percent. Due to this, RBI got scope to reduce the repo rate.

How does MPC work?

The Monetary Policy Committee is a major institution that decides interest rates in the country. Their job is to promote economic growth by keeping inflation under control. There are total six members in MPC. Of these, three members are from RBI and three are external members, who are appointed by the Government of India. These usually include economists or professors. The committee meets once every two months in a year i.e. a total of six times. The meeting usually lasts for three days. On the last day of the meeting, the RBI Governor gives information about the decisions taken on the basis of voting through a press conference.

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