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  Business   Economy  23 Mar 2019  MPC to meet six times during 2019-20: RBI

MPC to meet six times during 2019-20: RBI

PTI
Published : Mar 23, 2019, 10:26 am IST
Updated : Mar 23, 2019, 10:26 am IST

MPC to decide on the first bi-monthly monetary policy statement for 2019-20 will be held from April 2 to 4.

RBI Governor Shaktikanta Das. (Photo: File | PTI)
 RBI Governor Shaktikanta Das. (Photo: File | PTI)

Mumbai: The Monetary Policy Committee (MPC), which decides on key interest rates, will meet six times during the next financial year, the Reserve Bank of India (RBI) said on Friday.

The first meeting of the six-member MPC to decide on the first bi-monthly monetary policy statement for 2019-20 will be held from April 2 to 4.

 

The policy will be announced on April 4. Headed by RBI Governor Shaktikanta Das, the committee also includes two representatives from the central bank and three external members.

The external members are Indian Statistical Institute professor Chetan Ghate, Delhi School of Economics Director Pami Dua and Indian Institute of Management-Ahmedabad professor Ravindra H Dholakia.

According to the schedule provided by the RBI, the second meeting of the MPC in the next fiscal will be held on June 3, 4 and 6; third meeting (August 5-7); fourth meeting (October 1, 3 and 4); fifth meeting (December 3-5) and sixth meeting (February 4-6, 2020). 

 

Tags: monetary policy committee, rbi, shaktikanta das
Location: India, Maharashtra, Mumbai (Bombay)