{
  "data": {
    "id": "reserve-bank-of-india-2026-04-08",
    "bank": "reserve-bank-of-india",
    "bankName": "Reserve Bank of India",
    "country": "IN",
    "date": "2026-04-08",
    "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=62422",
    "citation": "MPC schedule for 2026-27 (press release of 23 Mar 2026) lists April 6, 7 and 8, 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": "2026-04-08",
      "rateBefore": 5.25,
      "rateAfter": 5.25,
      "direction": "hold",
      "statement": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62514",
      "observed": true
    },
    "page": "https://macroindex.org/bank/reserve-bank-of-india/decision/2026-04-08",
    "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",
      "reasons": [
        "The MPC said the conflict in West Asia had severely disrupted global supply chains and added risk to both the inflation and growth outlooks, describing the situation as a supply shock.",
        "It noted headline inflation rose to 3.2% in February 2026 under the new CPI series and projected CPI inflation of 4.6% for 2026-27, with elevated energy prices and possible El Niño conditions as upside risks.",
        "The MPC judged it prudent to wait and watch the evolving growth-inflation outlook while remaining vigilant."
      ],
      "guidance": "The MPC said it kept the neutral stance to retain the flexibility to respond judiciously to incoming information.",
      "readFrom": [
        "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62514"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T21:51:41.961Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}