Monetary Policy Committee of the Reserve Bank of India
E33535
The Monetary Policy Committee of the Reserve Bank of India is a six-member body responsible for setting India's benchmark interest rates and formulating monetary policy to achieve inflation and growth objectives.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Monetary Policy Committee of the Reserve Bank of India canonical | 3 |
| Monetary Policy Committee of India | 2 |
How this entity was disambiguated
This entity first appeared as the object of triple T246961 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Monetary Policy Committee of the Reserve Bank of India Context triple: [Indian rupee, monetaryPolicyCommittee, Monetary Policy Committee of the Reserve Bank of India]
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A.
Monetary Policy Committee
The Monetary Policy Committee is the Bank of England’s rate‑setting body responsible for formulating the UK’s monetary policy to achieve price stability and support economic growth.
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B.
Reserve Bank of India
The Reserve Bank of India is the country’s central banking institution, responsible for issuing currency, regulating the financial system, and formulating and implementing monetary policy in India.
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C.
NITI Aayog
NITI Aayog is the Government of India’s premier policy think tank responsible for driving cooperative federalism and formulating long-term economic and developmental strategies.
-
D.
Board of Governors
The Board of Governors is McGill University's highest governing body responsible for overseeing its strategic direction, finances, and overall administration.
-
E.
Board of Governors
The Board of Governors is the American Bar Association’s primary governing body responsible for overseeing its policies, finances, and strategic direction.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Monetary Policy Committee of the Reserve Bank of India Target entity description: The Monetary Policy Committee of the Reserve Bank of India is a six-member body responsible for setting India's benchmark interest rates and formulating monetary policy to achieve inflation and growth objectives.
-
A.
Monetary Policy Committee
The Monetary Policy Committee is the Bank of England’s rate‑setting body responsible for formulating the UK’s monetary policy to achieve price stability and support economic growth.
-
B.
Reserve Bank of India
The Reserve Bank of India is the country’s central banking institution, responsible for issuing currency, regulating the financial system, and formulating and implementing monetary policy in India.
-
C.
NITI Aayog
NITI Aayog is the Government of India’s premier policy think tank responsible for driving cooperative federalism and formulating long-term economic and developmental strategies.
-
D.
Board of Governors
The Board of Governors is McGill University's highest governing body responsible for overseeing its strategic direction, finances, and overall administration.
-
E.
Board of Governors
The Board of Governors is the American Bar Association’s primary governing body responsible for overseeing its policies, finances, and strategic direction.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
Decision‑making body
ⓘ
Monetary policy committee ⓘ |
| areaServed | India ⓘ |
| chairperson | Governor of the Reserve Bank of India ⓘ |
| composition | Six members ⓘ |
| country | India ⓘ |
| decisionRule | Majority voting ⓘ |
| establishedBy |
Government of India
ⓘ
Reserve Bank of India ⓘ |
| hasFeature |
Each member has one vote
ⓘ
Governor of RBI has casting vote in case of tie ⓘ |
| hasMemberFrom |
Government of India
ⓘ
Reserve Bank of India ⓘ |
| hasType | Statutory committee ⓘ |
| headquarters |
Mumbai
ⓘ
Reserve Bank of India ⓘ
surface form:
Reserve Bank of India Central Office, Mumbai
|
| inflationTarget | 4 percent CPI inflation ⓘ |
| inflationToleranceBand | Plus or minus 2 percentage points ⓘ |
| jurisdiction |
Union of India
ⓘ
surface form:
Republic of India
|
| languageOfWork |
English
ⓘ
Hindi ⓘ |
| legalAmendment | Amendments to RBI Act in 2016 ⓘ |
| legalBasis | Reserve Bank of India Act, 1934 ⓘ |
| location | Mumbai ⓘ |
| meetingFrequency | Bi‑monthly (approximately every two months) ⓘ |
| meets | At least four times a year ⓘ |
| objective |
Price stability
ⓘ
Supporting growth ⓘ |
| parentOrganization | Reserve Bank of India ⓘ |
| partOf | Reserve Bank of India ⓘ |
| policyFramework | Flexible inflation targeting framework ⓘ |
| publishes |
Minutes of meetings with individual member votes
ⓘ
Resolution of monetary policy decision ⓘ |
| regulates | Monetary policy of India ⓘ |
| relatedConcept | Monetary Policy Report of the Reserve Bank of India ⓘ |
| relatedTo |
Financial markets in India
ⓘ
Ministry of Finance ⓘ
surface form:
Ministry of Finance, Government of India
|
| reportsTo | Government of India ⓘ |
| responsibleFor |
Achieving inflation target in India
ⓘ
Formulating monetary policy in India ⓘ Setting benchmark policy interest rate in India ⓘ Supporting economic growth in India ⓘ |
| sector |
Central banking
ⓘ
Public finance ⓘ |
| usesInstrument |
Marginal standing facility rate
ⓘ
Policy corridor ⓘ Repo rate ⓘ Reverse repo rate ⓘ Standing deposit facility rate ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Monetary Policy Committee of the Reserve Bank of India Description of subject: The Monetary Policy Committee of the Reserve Bank of India is a six-member body responsible for setting India's benchmark interest rates and formulating monetary policy to achieve inflation and growth objectives.
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Monetary Policy Committee of India
Monetary policy of India
→
decisionMakingBody
→
Monetary Policy Committee of the Reserve Bank of India
ⓘ
this entity surface form:
Monetary Policy Committee of India
Monetary Policy Report of the Reserve Bank of India
→
relatedTo
→
Monetary Policy Committee of the Reserve Bank of India
ⓘ