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

The Reserve Bank of India (RBI) kept the policy repo rate unchanged at 5.25%, maintaining a neutral monetary policy stance after the conclusion of its latest three-day Monetary Policy Committee (MPC) meeting in February 2026. The meeting was chaired by RBI Governor Sanjay Malhotra.

Key Takeaways from RBI MPC Meeting February 2026

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Economic Growth Outlook Upgraded

The policy review comes amid stable economic momentum, supported by strong domestic demand and easing inflationary pressures. While growth has moderated from earlier peaks, India’s economic outlook remains resilient. The RBI expects GDP growth of 7.4%, reflecting balanced recovery and improved global trade conditions.

Monetary Policy Approach

After cutting the repo rate by a cumulative 125 basis points since February 2025, the RBI has now paused further rate cuts. In its December policy, the RBI had reduced the repo rate by 25 bps to 5.25%. The MPC retained a neutral stance, signalling that future policy actions will remain data-dependent and aligned with evolving macroeconomic conditions.

Implications for Markets

The decision to hold rates steady is expected to provide stability to financial markets. With supportive liquidity conditions and controlled inflation, the RBI’s stance aims to sustain growth while preserving macroeconomic balance. Stable interest rates may support investment decisions and maintain confidence among borrowers and businesses.

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

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. 

Implications of the Rate Cut

With the repo rate maintained at 5.25%, borrowers are likely to benefit from stable lending rates, as banks continue to transmit the cumulative rate cuts implemented since February 2025. The pause in policy action is expected to support businesses and consumers by ensuring predictable borrowing costs, adequate liquidity, and sustained credit flow. However, with the RBI retaining a neutral stance, future rate moves will remain contingent on incoming growth and inflation data, underscoring a measured and data-driven approach to monetary policy going forward.

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