During the next financial year, the Reserve Bank's Monetary Policy Committee (MPC) will meet six times. The rate-setting panel chaired by the Governor of the Reserve Bank of India (RBI) will meet for the first time in the new fiscal year from April 6 to 8.
After deliberating on the current domestic and economic developments, the MPC announces its bi-monthly monetary policy. As per the RBI's schedule issued on Wednesday, the first bimonthly monetary policy meeting for 2022-23 will be conducted on April 6-8, followed by a meeting on June 6-8.
The dates for the third, fourth, and fifth meetings are August 2-4, September 28-30, and December 5-7, respectively. The MPC's sixth bi-monthly meeting is set for February 6-8, 2023. The committee, which is chaired by the governor, consists of two central bank representatives and three external members. The RBI has been required by the national government to maintain a 4-percentage-point inflation target with a 2-percentage-point buffer on either side.