RBI to hold monetary policy meet from October 7-9

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NEW DELHI: The Reserve Bank of India (RBI) on Tuesday said that the monetary policy committee (MPC) meet will be conducted from October 7 to October 9.
The meeting — which was earlier scheduled to be held from September 29 — was postponed as the central bank was awaiting the appointment of new member to its committee.
“The next meeting of the Monetary Policy Committee (MPC) is scheduled during October 7 to October 9, 2020,” the RBI said in an official release.
In a late night notification on Monday, the government appointed three economists — PMEAC member Ashima Goyal, NCAER’s Shashanka Bhide and IIM-Ahmedabad professor Jayanth Varma — as new members of the RBI’s MPC to decide on interest rates. All new members have been given a four-year term.
The panel is chaired by RBI governor Shaktikanta Das with deputy governor Michael Patra and the executive director in charge of monetary policy as its members.
The new members replace Chetan Ghate, Pami Dua, and Ravindra Dholakia. They were appointed on the panel for four years on September 29, 2016.
(With agency inputs)



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