Monetary Policy Current Affairs, GK & News
RBI: Inflation Forecast Model Amended
The Reserve Bank of India recently revised its Inflation Forecast Model. The new model will capture how fiscal and monetary policy interact with real economy elements in a better way. About the New Inflation Forecast Model The new model is broken into three blocks. The first block decomposes the primary deficit of the Government into ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs
Topics: Consumer Price Index (CPI) • Inflation • Monetary Policy • Reserve Bank of India (RBI) • WPI Inflation
RBI’s Report on Currency and Finance 2020-21
A Currency and Finance (RCF) report by Reserve Bank of India (RBI) official has recommended that, the time span that was considered to measure whether monetary policy-setting panel has failed in achieving its objectives or not should be of four quarters rather than current time period of three-quarter. However, RBI made it clear that the ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
Topics: Monetary Policy • Monetary Policy Committee (MPC) • Report on Currency and Finance • Reserve Bank of India (RBI)
What is Repo Rate?
Repo rate is the rate at which the central bank lends money to the commercial banks in case of fund crunch. It is a tool used by the monetary authorities to control inflation. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), during the 3-day meeting that began on December 2, has ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs
Topics: Inflation • Monetary Policy • Monetary Policy Commitee • Repo Rate • Reserve Bank of India (RBI)
RBI Monetary Policy Committee Meeting: Key Highlights
The RBI recently held its Monetary Policy Committee meet. During the meet, the Reserve Bank of India has kept the repo rate unchanged at 4%. Repo rate is the rate at which RBI lends to banks. The Reverse Repo Rate is to continue at 3.35%. Key Highlights of the MPC meet The meeting concluded that ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs
Topics: CPI • Economic growth • GDP • GDP growth • Monetary inflation • Monetary Policy • Monetary Policy Commitee • Repo Rate • Reverse Repo Rate • RTGS • V-shaped recovery
RBI releases bi-monthly policy: Repo rate unchanged
On February 6, 2020, the Reserve Bank of India released its bi-monthly monetary policy. The apex bank has kept the policy repo rate unchanged. It remains at 5.15%. Observations of the Committee The Monetary Policy Committee that meets once in two months under the chairmanship of its Governor has made the following observations The inflation ..
Month: Current Affairs - February, 2020
Category: Economy & Banking Current Affairs
Topics: Monetary Policy • Monetary Policy Committee • RBI • RBI Bi-monthly Monetary Policy Review • Reserve Bank of India