Monetary policy of India

E179212

The monetary policy of India is the framework through which the Reserve Bank of India manages money supply, interest rates, and inflation to promote economic growth and financial stability.

All labels observed (3)

How this entity was disambiguated

Statements (51)

Predicate Object
instanceOf monetary policy framework ⓘ
aimsTo anchor inflation expectations ⓘ
maintain orderly conditions in financial markets ⓘ
centralBank Reserve Bank of India ⓘ
communicationTool press conferences by RBI Governor ⓘ
coordinationWith fiscal policy of India ⓘ
country India ⓘ
decisionMakingBody Monetary Policy Committee of India ⓘ
frameworkType inflation targeting framework ⓘ
historicalRegime monetary targeting framework ⓘ
multiple indicator approach ⓘ
historicalRegimeChange shift to flexible inflation targeting in 2016 ⓘ
inflationTarget 4 percent CPI inflation ⓘ
inflationTargetEffectiveFrom 2016 ⓘ
inflationTargetImplementedBy Reserve Bank of India ⓘ
inflationTargetSetBy Government of India ⓘ
inflationToleranceBand 2 percent to 6 percent CPI inflation ⓘ
intermediateTarget inflation ⓘ
legalBasis Reserve Bank of India (Amendment) Act, 2016 ⓘ
Reserve Bank of India Act, 1934 ⓘ
managedBy Reserve Bank of India ⓘ
MPCConstituents RBI Deputy Governor in charge of monetary policy ⓘ
RBI Governor ⓘ
linked to: Urjit Patel

one RBI officer nominated by RBI Central Board ⓘ
three external members nominated by Government of India ⓘ
MPCMeetingFrequency at least four times a year ⓘ
typically bi-monthly ⓘ
MPCVotingRule RBI Governor has casting vote in case of tie ⓘ
each member has one vote ⓘ
objective adequate flow of credit to productive sectors ⓘ
economic growth ⓘ
financial stability ⓘ
price stability ⓘ
operatingTarget weighted average call money rate ⓘ
publication Monetary Policy Report ⓘ
Resolution of the Monetary Policy Committee ⓘ
transmissionChannel asset price channel ⓘ
credit channel ⓘ
exchange rate channel ⓘ
expectations channel ⓘ
interest rate channel ⓘ
usesInstrument bank rate ⓘ
cash reserve ratio ⓘ
liquidity adjustment facility ⓘ
marginal standing facility rate ⓘ
market stabilisation scheme ⓘ
open market operations ⓘ
policy repo rate ⓘ
reverse repo rate ⓘ
standing deposit facility ⓘ
statutory liquidity ratio ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

The Problem of the Rupee → associatedWith → Indian monetary reform movement ⓘ
linked to: Monetary policy of India
Marginal standing facility rate → partOf → Liquidity adjustment facility framework of the Reserve Bank of India ⓘ
linked to: Monetary policy of India