3-day meeting of RBI’s Monetary Policy Committee to begin today

The 3-day meeting of Reserve Bank of India’s Monetary Policy Committee (MPC) will begin today. Experts suggest that the RBI is likely to maintain the status quo on key interest rates.

The risk of food inflation and economic growth are the key concerns for the RBI to consider.

The government has tasked the central bank to ensure that Consumer Price Index



(CPI) based retail inflation remain in the tolerance band of 4 percent with a margin of 2 per cent on either side.

Earlier this month, the MPC was reconstituted, with three new members joining it.

MPC Chairman and RBI Governor Shaktikanta Das will reveal the outcome of the three-day discussion on Wednesday.