Monetary Policy Committee Subject – Economy Context – MPC’s Varma flags risks of policy stance. Concept – The Monetary Policy Committee is a statutory and institutionalized framework under the Reserve Bank of India Act, 1934, for maintaining price stability, while keeping in mind the objective of growth. The Governor of RBI is ex-officio Chairman of the committee. The committee comprises six members (including the Chairman) – […]
MONETARY POLICY COMMITTEE Subject: Economics Context: Reserve Bank of India keeps the repo rate unchanged for the 5th consecutive monetary policy committee. Concept: Monetary Policy Committee (MPC) The Monetary Policy Committee (MPC) is a committee of the RBI, which is entrusted with the task of fixing the benchmark policy interest rate (repo rate) […]
Subject: Economy Context: Central bank believes monetary policy needs to remain accommodative despite inflationary pressures, according to the minutes of the monetary policy committee. Reserve Bank of India (RBI) left interest rates unchanged at that meeting, as expected. Concept: The MPC is a statutory and institutionalized framework under the RBI Act, 1934, for maintaining price […]
Subject: Economy Context : Government nominates Ashima Goyal, Jayanth Verma, Shashank Bhide as new members of MPC Concept: Monetary Policy Committee (MPC) The Monetary Policy Committee (MPC) is a committee of the RBI, which is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target […]
Subject: Economy Context: Monetary policy committee is soon to be reconstituted as the terms of three independent people on the panel expire at the end of next month and one internal member retired in June. Concept: Monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes […]