The Reserve Bank of India on Friday rescheduled the next monetary policy committee meeting set to take place in August. The MPC was earlier scheduled to meet during Aug. 5–7.
"Due to administrative exigencies, the MPC meeting has been rescheduled to August 4 – 6, 2025," a press release said.
The MPC decides the repo rate and other monetary levers on a bimonthly basis.
Earlier in the day, the RBI delivered a wider-than-expected repo rate cut of 50 basis points to bring it to 5.5%. The central bank also cut the CRR by 100 bps to 3%, potentially injecting Rs 2.5 lakh crore into the banking system in a phased manner.
The RBI has retained its GDP growth forecast for the financial year 2026 at 6.5%, while revising the inflation projection downward to 3.7%, citing a benign core and soft food inflation outlook.
After having reduced the repo rate by 100 basis points, monetary policy is left with limited space to support growth, RBI Governor Sanjay Malhotra said during his monetary policy speech. The MPC will carefully assess the incoming data and the evolving outlook to chart out the future course of monetary policy, he said.
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