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Home / Industry / Monetary policy panel to meet before 4 October: Finance ministry official

Mumbai: Economic affairs secretary Shaktikanta Das said the new six-member Monetary Policy Committee, which will set interest rates, will meet before the Reserve Bank of India’s (RBI) policy review on 4 October and give their recommendations.

“The MPC will, of course, meet before the fourth of October and the committee will give their recommendations based on which the RBI will take a decision," Das told reporters on the sidelines of a conference on corporate bond markets.

Last week, the government picked three low-key economists for the committee. The rest of the panel will comprise RBI Governor Urjit Patel and his two senior-most monetary policy officials. Reuters

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