ENA Economy 2018-04-02 10:52:03 <p><strong>New Delhi, Apr 2 (KNN) </strong>The Monetary Policy Committee (MPC) will meet on April 4 and 5, 2018 for the First Bi-monthly Monetary Policy Statement for 2018-19.</p> <p>The six-member Monetary Policy Committee (MPC), headed by RBI governor Urjit Patel will review the monetary policy to reach the roadmap of fiscal consolidation.</p> <p>The RBI is likely to keep interest rates unchanged in its first bi-monthly monetary policy review for 2018-19 as rising global crude oil prices continue to pose a risk to domestic inflation.</p> <p>This would also be the first monetary policy announcement after the Budget.</p> <p>Industry chambers are of the view that the central bank would opt for status quo as the governments budget announcement to provide farmers 1.5-times of minimum support price (MSP) for their produce may jack up inflation.</p> <p>The Patel-headed MPC has two other representatives from RBI &mdash; Deputy Governor Viral Acharya and Executive Director Michael Debabrata Patra.</p> <p>The three external members are Chetan Ghate, Pami Dua and Ravindra Dholakia. <strong>(KNN/YV)</strong></p> 19467 http://knnindia.co.in/news/newsdetails/economy/monetary-policy-committee-to-review-monetary-policy-for-fiscal-consolidation 2018-04-02 10:52:03 knnindia.co.in