PREVIOUS
✖
Monetary Policy Committee Members
October 7 , 2020
1514 days
1173
0
- The Government of India appointed economists Jayant R Varma, Shashank Bhide and Ashima Goyal as members of Monetary Policy Committee (MPC).
- The current MPC was set up by the Government of India in 2016 following the finalisation of Monetary Policy Framework Agreement.
- The framework introduced inflation targeting.
- The MPC frames monetary policies for the country using monetary tools such as bank rate, repo rate, reverse repo rate, cash reserve ratio.
- These tools are called monetary policy instruments.
Leave a Reply
Your Comment is awaiting moderation.