{
  "data": {
    "id": "reserve-bank-of-india-2026-06-05",
    "bank": "reserve-bank-of-india",
    "bankName": "Reserve Bank of India",
    "country": "IN",
    "date": "2026-06-05",
    "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 lists June 3, 4 and 5, 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": "2026-06-05",
      "rateBefore": 5.25,
      "rateAfter": 5.25,
      "direction": "hold",
      "statement": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62863",
      "observed": true
    },
    "page": "https://macroindex.org/bank/reserve-bank-of-india/decision/2026-06-05",
    "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 CPI inflation, at 3.5% in April 2026, remained below target because pass-through of the global energy shock had been limited, but it projected inflation of 5.1% for 2026-27 with upside risks.",
        "It noted that retail petrol and diesel prices had been raised by 7.4% and 8.4% since May, with a direct impact of about 36 basis points on headline inflation.",
        "The MPC said the risks of higher inflation had amplified but judged it prudent to wait for greater clarity on the conflict, supply chains and the monsoon."
      ],
      "guidance": "The MPC said it would remain data-dependent and closely monitor whether supply-side pressures were becoming embedded in the general price level and inflation expectations.",
      "readFrom": [
        "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=62863"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:39:45.793Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}