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As per Section 45ZI (1) and (2) of the Reserve Bank of India Act, 1934, the Reserve Bank shall organize at least four meetings of the Monetary Policy Committee in a year and the meeting schedule of the Monetary Policy Committee for a year shall be published at least one week before the first meeting in that year.
Accordingly, it has been decided that the Monetary Policy Committee (MPC) will meet six times during 2019-20 as indicated below:
First Bi-monthly Monetary Policy Statement for 2019-20 | April 2 to 4, 2019 |
Second Bi-monthly Monetary Policy Statement for 2019-20 | June 3, 4 and 6, 2019 |
Third Bi-monthly Monetary Policy Statement for 2019-20 | August 5 to 7, 2019 |
Fourth Bi-monthly Monetary Policy Statement for 2019-20 | October 1, 3 and 4, 2019 |
Fifth Bi-monthly Monetary Policy Statement for 2019-20 | December 3 to 5, 2019 |
Sixth Bi-monthly Monetary Policy Statement for 2019-20 | February 4 to 6, 2020 |
Jose J. Kattoor
Chief General Manager
Monetary Policy Committee meeting schedule published under Section 45ZI, setting multiple bi monthly meetings for the year. The Reserve Bank announces the annual meeting schedule for the Monetary Policy Committee under Section 45ZI of the Reserve Bank Act, confirming six bi monthly Monetary Policy Statement meetings for 2019-20 and stating the schedule is published to meet the Act's requirement that dates be issued at least one week before the first meeting.Press 'Enter' after typing page number.