{
  "data": {
    "id": "reserve-bank-of-india-2026-02-06",
    "bank": "reserve-bank-of-india",
    "bankName": "Reserve Bank of India",
    "country": "IN",
    "date": "2026-02-06",
    "announceAt": null,
    "timezone": "Asia/Kolkata",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 5.25,
    "step": 0.25,
    "calendarSource": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60062",
    "citation": "MPC schedule for 2025-26 lists February 4, 5 and 6, 2026. The RBI publishes no announcement time on the schedule, so announceAt is left out.",
    "settleSource": {
      "role": "decision-statement",
      "pattern": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=<5-digit id>, titled \"Monetary Policy Statement, <FY> Resolution of the Monetary Policy Committee <dates>\"",
      "foundAt": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx",
      "example": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=63742",
      "resolvable": true,
      "reads": {
        "right": 7,
        "wrong": 0,
        "void": 0
      }
    },
    "observed": {
      "at": "2026-02-06",
      "rateBefore": 5.25,
      "rateAfter": 5.25,
      "direction": "hold",
      "statement": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62169",
      "observed": true
    },
    "page": "https://macroindex.org/bank/reserve-bank-of-india/decision/2026-02-06",
    "account": {
      "summary": "The Reserve Bank of India's Monetary Policy Committee kept the policy repo rate at 5.25% and retained its neutral stance.",
      "vote": "unanimous",
      "dissent": "On the stance, Prof. Ram Singh retained his view that it should change from neutral to accommodative.",
      "reasons": [
        "The MPC noted that headline CPI inflation was 0.7% in November and 1.3% in December 2025, below the tolerance band, and that the outlook for the first half of 2026-27 remained benign and near target.",
        "It said the slight upward revision to its inflation outlook came mainly from higher prices of precious metals, while underlying inflation stayed low.",
        "The MPC said economic activity remained resilient, with real GDP estimated to grow 7.4% in 2025-26, and judged the current policy rate appropriate."
      ],
      "guidance": "The MPC said it would be guided by evolving macroeconomic conditions and the outlook, based on data from the new series, in charting the future course of policy.",
      "readFrom": [
        "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62169"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T21:51:45.781Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}