After the two-day Monetary Policy Committee (MPC) meeting, the Reserve Bank of India will announce its sixth and last bi-monthly policy statement for the year 2016-17 in a short while from now. A first policy after the Union budget and second after the demonetisation, all eyes are on whether the six-member MPC headed by Governor Dr. Urjit Patel recommends a rate cut. <br/><br/>The key things which economists and analysts expect from the current policy announcement are that repo rate be reduced by 25 basis points bringing it to 6 per cent, assessment of inflation keeping in mind the rising fuel prices, impact of demonetisation on growth of country and announcements around banking sector issues such as capital and asset quality since the demonetisation announcement. <br/><br/><br/>Most analysts feel since the last RBI policy, CPI inflation has surprised to the downside both in November and December, which has improved the chances of meeting the 5 per cent March 2017 CPI target appreciably.