RBI MPC Meet: The Reserve Bank of India has changed the dates of its MPC meet to be between August 3 and 5. Earlier, its fixed date was to be between 2 to 4 August.
RBI MPC Meet: The Reserve Bank of India has changed the schedule of its MPC meeting. This meeting, to be held every two months regarding the policy rates of the central bank, is now to be held between August 3 and August 5. Earlier, its scheduled date was to be between 2 to 4 August.
The Central Bank (RBI) said in its official note that in view of the administrative requirements, it has been decided to reschedule the RBI MPC meeting from August 2-4, 2022 to August 3-5.
Meeting of the Monetary Policy Committee – Rescheduling #RBItoday #RBIgovernor #monetaryPolicy https://t.co/U71CK5zzyH
— ReserveBankOfIndia (@RBI) July 21, 2022
Maybe a change in interest rates?
The Reserve Bank of India can once again change the interest rates in its Monetary Committee meeting. Explain that in the last two meetings held in May and June, the RBI has increased the interest rates by a total of 0.90 percent.
The panel of this MPC meeting, to be chaired by RBI Governor Shaktikanta Das, includes two representatives of the central bank and three external members. In the MPC meet, the RBI announces the monetary policy after discussing the current domestic and economic conditions.
