The Reserve Bank of India (RBI) commenced its bi-monthly Monetary Policy Committee (MPC) meeting on Monday, with the market anticipating another 25 basis point reduction in interest rates. The decision, set to be revealed on Wednesday, comes amid inflation showing signs of cooling and global economic conditions growing increasingly volatile due to trade tensions.
The Monetary Policy Committee (MPC) is chaired by RBI Governor Sanjay Malhotra. The 6-member committee meets every two months and conducts six meetings in a financial year. The MPC includes three external members appointed by the government and two senior RBI officials, apart from the Governor.
These meetings focus on deliberating interest rates, inflation outlook, money supply, GDP growth estimates, and other macroeconomic indicators. In addition to April, the RBI MPC is scheduled to meet in June, August, October, December, and February.
