RBI MPC meeting April 8: When and where to watch Governor Sanjay Malhotra’s live address

The committee will conclude its bi-montly three-day long meeting, which began on Monday, April 6, tomorrow.

The committee, at its last meeting held in February, had kept the short-term lending rate (repo) unchanged at 5.25%.

When and where to watch

RBI Governor Sanjay Malhotra will announce the decision of the six-member MPC committee regarding the repo rates at 10 AM on Wednesday, April 8. The speech will be livestreamed on RBI’s YouTube and X (formerly Twitter) accounts. Viewers can also catch live updates on Upstox.

Following the MPC meeting decision announcement, the Governor will address a press conference at noon.

Government retains retail inflation target till FY32

The Government of India officially retained the 4% retail inflation target, with a tolerance band of +/- 2% (i.e. 2% to 6%) for a five year period from April 1, 2026 to March 31, 2031.

The government initially notified the inflation target with the tolerance band on August 5, 2016, for the period 2016-2021.

In the first review conducted in March 2021, this target was retained for the subsequent five years till March 2026.

MPC schedule for FY27

The six-member rate-setting panel headed by the Reserve Bank Governor will hold six meetings in FY27.

Typically, the six-member panel votes on a resolution on the third day of the meeting and the RBI Governor announces the decision after the vote is completed.

The second bi-monthly policy review meeting is set for June 3-5, and will be followed by three-day meetings in August, October, December, and February.

The MPC of India is a six-member body tasked with fixing the benchmark policy rate (repo rate) to contain inflation. It comprises three RBI officials (including the Governor as Chairperson) and three external members appointed by the Central government.