The Reserve Bank of India (RBI) has concluded its Monetary Policy Committee (MPC) meeting for February 2026, opting to keep the key policy rate unchanged at 5.25 percent. The six-member committee, led by Governor Sanjay Malhotra, maintained the repo rate at its current level, a decision widely expected by markets and analysts following recent global and domestic trends.

Key Highlights

• RBI keeps repo rate unchanged in the February 2026 MPC meeting.
• Move aims to support economic growth while managing price stability.
• Borrowers see no immediate change in loan EMIs linked to repo rate.

In its policy announcement, the MPC also reaffirmed its neutral monetary stance, signalling that it will continue to carefully monitor inflation and growth dynamics before making further adjustments. Observers had anticipated a pause after a series of cuts during 2025, which brought the policy rate down from higher levels.

The decision to hold rates comes amid sustained economic expansion and relatively stable inflation, giving the RBI confidence to maintain the status quo. By keeping the repo rate steady, the central bank aims to support ongoing recovery while guarding against upside risks from external factors, including global financial market volatility.

For borrowers, the unchanged repo rate means home loan EMIs and other credit costs linked to the policy rate will remain broadly stable, although some lenders may adjust their lending spreads independently.

Also Read: RBI Cuts Repo Rate to 5.25%, Boosting Liquidity & Housing

The RBI’s next MPC review will continue to guide monetary policy direction as it balances inflation management with support for sustainable growth in the Indian economy.