Monetary Policy Committee

Banking Central: How reliable is the MPC’s further guidance?

The minutes of the meeting of the Reserve Bank of India’s Monetary Policy Committee used to be largely repetitive of policy details – going into the details of analysis and decisions, but this changed in October 2020 when the MPC was introduced to include new faces Was reorganized. Since then, extensive issues have been discussed …

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RBI expands digital fund limit to Rs 2 lakh, allowing Prepaid Payment Instruments interaction

The Reserve Bank of India (RBI) has approved the collaboration of Prepaid Payment Instruments (PPIs) to increase the account limit to Rs 2 lakh of digital wallets. This was part of a larger Bank of Monetary Policy Committee (MPC) move announced on April 7.In a statement in this regard, the RBI stated that this “promotion …

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Turkey central bank maintains unchanged key rate at 19%

Turkey central bank kept a significant interest rate unchanged at 19% on Thursday, following the surprise appointment of a new governor that shook confidence in the country’s economy. President Recep Tayyip Erdogan last month fired his third central bank chief in less than two years, who has been voicing concern about a possible return to …

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Expect impartial guidance from the Monetary Policy Committee

The RBI is considering April’s monetary policy (a decision to be announced on April 7) under a major uncertain and unstable environment, globally and regionally. Submit fiscal policy of February 2021, US interest rates have continued to sell sharply (thus having a negative impact on Indian business yields), while global oil prices have shown instability, …

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