Table of Contents
Who controls the decisions in monetary policy?
Sources: Factors Affecting Reserve Balances – H. 4.1, Federal Reserve Board of Governors, July 9, 2020. FAQs: Money, Interest Rates, and Monetary Policy, Federal Reserve Board of Governors, March 1, 2017.
WHO declares monetary policy?
The monetary policy is a policy formulated by the central bank, i.e., RBI (Reserve Bank of India) and relates to the monetary matters of the country. The policy involves measures taken to regulate the supply of money, availability, and cost of credit in the economy.
Is monetary policy set by the government?
Monetary policy addresses interest rates and the supply of money in circulation, and it is generally managed by a central bank. Fiscal policy addresses taxation and government spending, and it is generally determined by government legislation.
Who is the chairperson of the Monetary Policy Committee of India?
Governor of the Reserve
Composition. The composition of the current monetary policy committee is as follows: Governor of the Reserve Bank of India – Chairperson, ex officio – Shaktikanta Das. Deputy Governor of the Bank in charge of monetary policy — Michael Debrata Patra.
Who decides CRR and SLR?
Difference between CRR & SLR
| Statutory Liquidity Ratio (SLR) | Cash Reserve Ratio (CRR) |
|---|---|
| In the case of SLR, the securities are kept with the banks themselves, which they need to maintain in the form of liquid assets. | In CRR, the cash reserve is maintained by the banks with the Reserve Bank of India |
Who is in charge of monetary policy and who is involved in fiscal policy?
Who is the leader of the Fed?
Jerome Powell
Federal Reserve System/Chairpersons
Who is the chairperson of the monetary?
Composition. The composition of the current monetary policy committee is as follows: Governor of the Reserve Bank of India – Chairperson, ex officio – Shaktikanta Das. Deputy Governor of the Bank in charge of monetary policy — Michael Debrata Patra.
Who holds SLR?
Statutory Liquidity Ratio popularly called SLR is the minimum percentage of deposits that the commercial bank maintains through gold, cash and other securities. However, these deposits are maintained by the banks themselves and not with the RBI or Reserve Bank of India.