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RBI changes its Monetary Policy Meeting dates due to administrative requirements

By wasmulhaq 
Updated Date

New Delhi: Due to administrative requirements, the Reserve Bank of India (RBI) stated on Thursday that the dates of its Monetary Policy Meeting has been changed from 2-4 August to 3-5 August, 2022.

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The MPC meeting has been moved from August 2-4, 2022, to August 3-5, 2022, the central bank announced in a statement.

According to Section 45ZI(4) of the Reserve Bank of India Act, 1934, this statement is being made.

The central bank announced that the first bimonthly monetary policy meeting for 2022–2023 would take place from April 6–8 and the second from June 6–8, respectively.

The sixth bi-monthly meeting of the MPC is scheduled to be held on February 6–8, 2023.

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The dates for the third, fourth, and fifth meetings are 2-4 August, 28-30 September, and 5-7 December, respectively.

The group, which is led by the governor, is made up of three outsiders and two central bank representatives.

The central government has given the RBI a mandate to keep inflation at 4%, with a 2% tolerance on either side.

 

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