RBI MPC Meeting: Schedule for FY 2025-26 Monetary Policy Meetings

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Last Updated: 5th December 2025 - 10:44 am

The Reserve Bank of India (RBI) has reduced the policy repo rate to 5.25%, cutting it by 25 basis points, and retained a neutral monetary policy stance after the conclusion of its latest three-day Monetary Policy Committee (MPC) meeting in December 2025. The meeting was chaired by RBI Governor Sanjay Malhotra.

Key Takeaways from RBI MPC Meeting December 2025

Economic Growth Outlook Upgraded

The policy review comes amid robust economic performance, supported by a six-quarter-high GDP growth and a record easing in inflation. India’s GDP surged 8.2% in Q2 FY26, marking its fastest expansion in six quarters. At the same time, CPI inflation dropped to an all-time low of 0.25% in October, providing the central bank significant room to ease rates.

Monetary Policy Approach

After keeping the repo rate unchanged at 5.5% for two consecutive policy meets, the RBI has now shifted towards supporting growth through a 25 bps reduction. The MPC has maintained a neutral stance, indicating that future moves will depend on incoming data and evolving macroeconomic conditions.

Implications for Markets

The rate cut is expected to boost borrowing and investment activity, improving liquidity and potentially stimulating consumption. With inflation at historic lows and growth outlook strengthening, the RBI’s stance reflects an accommodative shift while still maintaining caution.

Here's a summary comparison of the last RBI MPC Meetings:

Parameter June 2025 August 2025 October 2025 December 2025
Repo Rate 5.50% (cut) 5.50% (hold) 5.50% (hold) 5.25% (cut)
Policy Stance Neutral (from Accommodative) Neutral Neutral Neutral
GDP Forecast FY26 ~6.5% Unchanged ~6.8% ~8.2%

RBI MPC Meeting Schedule for FY 2025-26

The following table outlines the upcoming schedule for the RBI Monetary Policy Meetings for the financial year 2025-26. 

Meeting No. Dates
1 April 7 – April 9, 2025
2 June 4 – June 6, 2025
3 August 4 – August 6, 2025
4 September 29 – October 1, 2025
5 December 3 – December 5, 2025
6 February 4 – February 6, 2026

Implications of the Rate Cut

With the repo rate now reduced to 5.25%, borrowers may soon experience relief in lending rates as banks begin to transmit the policy cut. The move is expected to support businesses and consumers through improved liquidity and more affordable credit access. However, with the RBI maintaining a neutral stance, future rate actions will depend on incoming growth and inflation data, indicating a measured and data-driven approach to further easing.

Stay tuned for updates on RBI’s liquidity measures and future MPC meetings in FY26.

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