Macroeconomic policy Current Affairs, GK & News
EU approves world’s largest free trade deal with Japan
On December 12, the European Parliament has approved the world’s largest free trade deal between Japan and the European Union (EU). The EU-Japan Economic Partnership Agreement will go into effect in February 2019. It will remove duties on almost all agricultural and industrial products as well as open up the service sector and procurement. It ..
Topics: Commercial policy • Economy • EU Gateway Programme • Free trade • International Trade • Macroeconomic policy • Non-tariff barriers to trade • Protectionism
5th bi-monthly Monetary Policy Review (MPR) of RBI
The Reserve Bank of India (RBI) has kept the key interest rate “repo rate” unchanged at 6% and reverse repo at 5.75% in its fifth bi-monthly monetary policy review for the year 2017-18 on December 6, 2017, as it feared that inflation may top the central bank’s medium-term target of 4%. It also maintained its ..
Topics: Bank rate • Economy • Finance • Financial economics • Inflation • Interest Rates • Macroeconomic policy • Monetary Policy • Money • Official bank rate • Repurchase agreement • Reserve Bank of India