The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will meet for the new fiscal’s first bi-monthly monetary policy today. The MPC would declare its first bi-monthly policy statement for 2019-20 on Thursday. The central bank said in a release yesterday that the MPC will meet from today to Thursday for the first bi-monthly policy.

Industry and experts are expecting that the banking sector regulator may cut the key lending rate by 0.25 per cent so as to boost the economic activities as fears loom large about global economic slowdown impacting India’s growth prospects. The RBI had cut the repo rate by 25 basis points (bps) or 0.25 per cent in February after a gap of one-and-a-half years.