3-Day RBI MPC Meeting Begins Today; Policy Decision Due on February 6

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Last Updated: 4th February 2026 - 11:00 am

Summary:

The three-day Monetary Policy Committee meeting of the Reserve Bank of India began on February 4, with the policy decision scheduled for February 6. The central bank has reduced the repo rate by 125 basis points over the past year. In the last review, the repo rate was cut to 5.25%, while inflation remained below the 4% target, according to ANI. The policy decision will be announced on Friday, February 6, by RBI Governor Sanjay Malhotra.
 

The three-day Monetary Policy Committee meeting of the Reserve Bank of India began on February 4, with the policy decision scheduled for February 6. The central bank has reduced the repo rate by 125 basis points over the past year. In the last review, the repo rate was cut to 5.25%, while inflation remained below the 4% target, according to ANI.

The three-day meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India began on Tuesday, February 4. The policy decision will be announced on Friday by RBI Governor Sanjay Malhotra, according to ANI.

The central bank has reduced the policy repo rate by a cumulative 125 basis points since February last year.
At the previous meeting held from December 3 to 5, the MPC cut the repo rate by 25 basis points to 5.25%. As per the RBI’s assessment during the last policy review, India’s economy is projected to grow at 7.3% in the financial year 2025–26.

The RBI MPC meeting estimate was revised upward from the earlier projection, reflecting stronger domestic activity. Data released by the Ministry of Statistics and Programme Implementation showed that Consumer Price Index inflation for December 2025 stood at 1.33% on a year-on-year basis.

Inflation rose 62 basis points compared with November, driven by higher prices of vegetables, pulses, spices, meat, fish and personal care items. Despite the increase, inflation remained below the RBI’s medium-term target of 4% for the eleventh consecutive month.

MPC members will review inflation trends and growth conditions over the three-day meeting before finalising the policy decision. The outcome will be announced on Friday, February 6, 2026. 

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