Monetary Policy

YOGESH NAMDEO INGLE.MBA
(FINANCE), NET (MANAGEMENT),
Ph.D (WIP), G.D.C &A, NCMP.

1
Monetary policy & role played
by central bank.

Monetary Policy

YOGESH NAMDEO INGLE.MBA
(FINANCE), NET (MANAGEMENT),
Ph.D...
Monetary Policy

YOGESH NAMDEO INGLE.MBA
(FINANCE), NET (MANAGEMENT),
Ph.D (WIP), G.D.C &A, NCMP.

3
Monetary Policy

YOGESH NAMDEO INGLE.MBA
(FINANCE), NET (MANAGEMENT),
Ph.D (WIP), G.D.C &A, NCMP.

4
Monetary Policy

YOGESH NAMDEO INGLE.MBA
(FINANCE), NET (MANAGEMENT),
Ph.D (WIP), G.D.C &A, NCMP.

5
Monetary Policy

YOGESH NAMDEO INGLE.MBA
(FINANCE), NET
(MANAGEMENT), Ph.D (WIP), G.D.C
&A, NCMP.

6
Monetary Policy

Monetary Policy

YOGESH NAMDEO INGLE.MBA
(FINANCE), NET (MANAGEMENT),
Ph.D (WIP), G.D.C &A, NCMP.

7
Objectives of monetary policy
Price stability
 Flow of credit
 Economic growth
 Financial stability
 Interest rates
 ...
Monetary Policy

YOGESH NAMDEO INGLE.MBA
(FINANCE), NET (MANAGEMENT),
Ph.D (WIP), G.D.C &A, NCMP.

9
The Governor of the Reserve Bank
announces the Monetary Policy in April
every year.
 Followed by three quarterly reviews....
Monetary Policy Framework
Operating Target
 M3 as a policy target with a multiple
indicators approach.
Monetary Policy In...
Review
Macroeconomic and monetary
developments
 Action taken and the status of past policy.


Monetary Policy

YOGESH NA...
Institutional Mechanism for
Monetary Policy-making
Financial Markets Committee (FMC)
 Monetary Policy Strategy Group
 Te...
Monetary Policy Department
The core activities of the Department
include:
 Preparing the Governor’s monetary policy
state...
Help yourself

Monetary Policy

YOGESH NAMDEO INGLE.MBA
(FINANCE), NET (MANAGEMENT),
Ph.D (WIP), G.D.C &A, NCMP.

15
Monetary Policy

YOGESH NAMDEO INGLE.MBA
(FINANCE), NET
(MANAGEMENT), Ph.D (WIP), G.D.C
&A, NCMP.

16
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Monetary management

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Monetary management

  1. 1. Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 1
  2. 2. Monetary policy & role played by central bank. Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 2
  3. 3. Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 3
  4. 4. Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 4
  5. 5. Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 5
  6. 6. Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 6
  7. 7. Monetary Policy Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 7
  8. 8. Objectives of monetary policy Price stability  Flow of credit  Economic growth  Financial stability  Interest rates  Credit delivery  Financial inclusion  Institutional developments  Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 8
  9. 9. Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 9
  10. 10. The Governor of the Reserve Bank announces the Monetary Policy in April every year.  Followed by three quarterly reviews.  The overall goal is to promote economic growth and ensure price stability.  Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 10
  11. 11. Monetary Policy Framework Operating Target  M3 as a policy target with a multiple indicators approach. Monetary Policy Instruments –  Cash Reserve Ratio  Statutory Liquidity Ratio  Repo rate  Reverse repo rate Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 11
  12. 12. Review Macroeconomic and monetary developments  Action taken and the status of past policy.  Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 12
  13. 13. Institutional Mechanism for Monetary Policy-making Financial Markets Committee (FMC)  Monetary Policy Strategy Group  Technical Advisory Committee (TAC) on Monetary Policy  Pre-Policy Consultation Meetings  Resource Management Discussions  Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 13
  14. 14. Monetary Policy Department The core activities of the Department include:  Preparing the Governor’s monetary policy statements and its quarterly reviews.  Formulating policy on interest rates of the banking sector.  Making projections on growth, inflation and monetary aggregates.  Authorizing food credit limits.  Monitoring maintenance of CRR and SLR. Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 14
  15. 15. Help yourself Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 15
  16. 16. Monetary Policy YOGESH NAMDEO INGLE.MBA (FINANCE), NET (MANAGEMENT), Ph.D (WIP), G.D.C &A, NCMP. 16

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