1st monetary policy after budget announcement. New Delhi: The Reserve Bank of India is all set to announce the Monetary Policy on Friday and is likely to hold interest rates and continue with accommodative policy stance. This is the first monetary policy announcement after the presentation of the Union Budget 2021-22. The Reserve Bank's rate-setting Monetary Policy Committee (MPC) began its meeting on Wednesday. The six-member MPC headed by RBI Governor Shaktikanta Das has started its deliberations. After the three-day meeting, resolution of the MPC would be announced today (February 5). The MPC kept the key benchmark rate unchanged in its last three reviews. The current repo rate -- rate at which RBI lends to banks -- is at a record low of 4 per cent. The reverse repo rate -- rate for funds parked by banks with RBI -- is 3.35 per cent.