Monetary Policy Committee

  • The rate-setting Monetary Policy Committee (MPC) will be meeting five times in FY21, against seven in FY20. Usually, the MPC meets six times a year. But, in FY20, it had an extra meeting in view of the pandemic and the urgent need to assess the current and evolving macroeconomic situation.

About Monetary Policy Committee(MPC)

  • MPC is a committee constituted by the Reserve Bank of India and led by the Governor of RBI.
  • The Reserve Bank of India Act, 1934 was amended by Finance Act (India), 2016 to constitute MPC which will bring more transparency and accountability in fixing India's Monetary Policy.
  • Monetary ....
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