RBI MPC Meeting: Sanajy Malhotra Delivers Calm, And No New Surprises
The RBI delivered exactly what markets expected, but did so with an air of quiet confidence. At the February 6, 2026 MPC meeting, Governor Sanjay Malhotra reassured investors that India’s growth momentum remains durable, even as global uncertainties continue to loom large. The central bank kept the repo rate unchanged at 5.25 percent and maintained a neutral stance, signalling its intention to stay the course after already cutting rates by 125 basis points over the past twelve months.
Patience Takes Centre Stage At RBI MPC Meeting
With inflation remaining stable and GDP growth exceeding 7 percent, the RBI chose to pause and observe how earlier rate reductions transmit through the economy. This policy meeting offered no surprises and was clearly aimed at calming market nerves rather than shaking them up. The underlying message was clear: India’s economic engine is running smoothly, policy support is already in place, and for now, patience-not panic-remains the RBI’s preferred strategy as markets balance domestic strength with global volatility.
Key Things To Takeaway From RBI MPC Meeting 2026
Inflation Outlook: Pressures Remain Under Control: The current inflation outlook shows that inflation rates are under control. The RBI issued an inflation forecast indicating that CPI will reach 2.1% for FY26. Price pressures are expected to start normalizing after July 2025, with the inflation trajectory remaining steady. The forecast projects inflation at 3.2% in Q4 FY26, rising to 4% in Q1 FY27 and 4.2% in Q2 FY27. The present inflation scenario does not raise any urgent concerns, allowing policymakers to continue with their current approach.
Growth Outlook: Momentum Stays Strong: The growth story of the economy reflects sustained strength. RBI Governor Sanjay Malhotra stated that India continues on a steady economic growth path. Real GDP growth is projected at a healthy 7.4%, while Q1 FY27 growth has been revised up to 6.9% and Q2 FY27 growth to 7%. The RBI remains confident that India’s economic momentum will persist despite prevailing global market uncertainties.