RBI releases FY25 schedule for Monetary Policy Committee meetings

economictimes.indiatimes.com:

Reserve Bank of India on Wednesday announced the schedule for future meetings of its Monetary Policy Committee (MPC), with the first three-day meeting scheduled for April 3 till April 5.

Wednesday's dates are for the next financial year, with meetings scheduled all the way till February, next year. The second meeting will be held from June 5-7 while the next meeting is scheduled between August 6-8.

The meeting schedule for the second half of the next financial year is as follows – October 7-9, December 4-6 and February 5-7, according to the RBI's announcement.

The RBI's MPC is responsible for fixing the benchmark interest rate, with meetings held at least four times a year, once each quarter. After raising interest rates by a cumulative 250 basis points between May 2022 to February 2023, the MPC has maintained a status quo on monetary policy.