RBI MPC meet 2026 LIVE: G-sec yields continued to harden over last eight months mirroring global trends, says RBI Governor

RBI MPC meet 2026 LIVE: The Reserve Bank of India’s Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 5.25% in its February review, continuing its neutral stance.

RBI Governor Sanjay Malhotra highlighted that inflation remains below the tolerance band and continues to be benign. High-frequency indicators point to a continuation of strong growth momentum in the near term. He also noted that the signing of landmark trade deals with the European Union and the United States is expected to support sustained growth for a longer period.

At the same time, the Governor acknowledged escalating geopolitical tensions, which are reshaping the global order. Domestically,

bond market sentiments remain cautious, reflecting concerns around fiscal sustainability.

The MPC reaffirmed that while domestic inflation and growth prospects remain positive, external headwinds have intensified since the last policy in December. The committee expects CPI inflation in Q1 and Q2 of FY27 to remain benign at 4% and 4.2%, respectively.

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