← 22 October 2026's Current Affairs · Economy GA Prelims ★★★☆☆ Mains ★★★☆☆
RBI's Monetary Policy Committee raises the repo rate as inflation risks build
ಸುದ್ದಿಯಲ್ಲಿ ಏಕೆ?
Six members, a 4% target, a 2% band: the MPC rate-hike facts GS-III Prelims tests
The MPC raised the repo rate with a split vote, warning of inflation spreading beyond food and fuel.
Why it matters: general awareness
What you need to know
2 ನಿಮಿಷ
The Monetary Policy Committee (MPC) of the Reserve Bank of India raised the repo rate at its October 2026 meeting, with a majority favouring calibrated tightening and two members opposing the hawkish stance.
The minutes flag widening inflationary pressures beyond food and fuel.
The MPC is a statutory six-member body under the RBI Act, 1934, and works to an inflation target of 4 per cent with a tolerance band of 2 per cent on either side.
ಮೂಲಗಳು: Topper IAS editorial (PIB / The Hindu / Indian Express)
ಮುಖ್ಯ ಅಂಶಗಳು
Remember these
- MPC is a statutory six-member body under the RBI Act, 1934 (amended in 2016)
- Three members are from the RBI and three are external, appointed by the Central Government
- Inflation target is 4 per cent with a tolerance band of 2 per cent on either side (2-6 per cent)
- The Central Government notifies the inflation target in consultation with the RBI
- October 2026: MPC raised the repo rate by a split vote, citing inflation spreading beyond food and fuel
ಪ್ರಿಲಿಮ್ಸ್ · ಮೇನ್ಸ್
How the exam will ask it
ಪ್ರಿಲಿಮ್ಸ್
- The Monetary Policy Committee is a statutory body constituted under the Reserve Bank of India Act, 1934.
- The MPC has six members, of whom three are from the RBI and three are external members appointed by the Central Government.
- The inflation target is notified by the Central Government in consultation with the RBI, not set by the Governor alone.
- The repo rate is the rate at which the RBI lends short-term funds to commercial banks; raising it tightens monetary policy.
ಮೇನ್ಸ್
GS-III (Indian Economy): The MPC raised the repo rate as inflationary pressures widen beyond food and fuel, with a split vote showing a growth-versus-price-stability trade-off. The flexible inflation targeting framework under the RBI Act, 1934 (4% with a 2% band) anchors its decisions and makes it accountable through published minutes. The way forward is calibrated tightening paired with supply-side measures on food and fuel, and clear communication to anchor inflation expectations.
Quick recall
Answer before you reveal
ಭಾರತೀಯ ರಿಜರ್ವ್ ಬ್ಯಾಂಕ್‌ನ ಹಣಕಾಸು ನೀತಿ ಸಮಿತಿ (MPC) ಕುರಿತು ಈ ಕೆಳಗಿನ ಹೇಳಿಕೆಗಳನ್ನು ಪರಿಗಣಿಸಿ:
- ಇದು ಭಾರತೀಯ ರಿಜರ್ವ್ ಬ್ಯಾಂಕ್ ಕಾಯ್ದೆ, 1934ರ ಅಡಿ ರಚನೆಯಾದ ಶಾಸನಬದ್ಧ ಸಂಸ್ಥೆ.
- ಇದರಲ್ಲಿ ಆರು ಸದಸ್ಯರಿದ್ದು, ಮೂವರು RBIಯವರು.
- ಹಣದುಬ್ಬರ ಗುರಿಯನ್ನು ಸರ್ಕಾರದ ಉಲ್ಲೇಖವಿಲ್ಲದೆ RBI ಗವರ್ನರ್ ಒಬ್ಬರೇ ನಿಗದಿಪಡಿಸುತ್ತಾರೆ. ಮೇಲಿನ ಎಷ್ಟು ಹೇಳಿಕೆಗಳು ಸರಿಯಾಗಿವೆ?
- ಒಂದು ಮಾತ್ರ
- ಎರಡು ಮಾತ್ರ
- ಮೂರು ಮಾತ್ರ
- ಯಾವುದೂ ಅಲ್ಲ
ಉತ್ತರ ನೋಡಿ
ಉತ್ತರ: B — ಸರಿಯಾದ ಉತ್ತರ ಎರಡು ಮಾತ್ರ. ಹೇಳಿಕೆ 1 ಮತ್ತು 2 ಸರಿ; ಹೇಳಿಕೆ 3 ತಪ್ಪು, ಏಕೆಂದರೆ ಹಣದುಬ್ಬರ ಗುರಿಯನ್ನು ಕೇಂದ್ರ ಸರ್ಕಾರ RBI ಜೊತೆ ಸಮಾಲೋಚಿಸಿ ಅಧಿಸೂಚಿಸುತ್ತದೆ.
Convert this topic into marks
Today's 10-MCQ test · instant analysis · Powered by AdaptIQ