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2. Monetary Policy
2.1. Definition of Monetary Policy
2.2. Types of Monetary Policy
2.3. Objectives
2.4. Tools to Regulate Monetary Policy
2.4.1. Quantitative Credit Control Methods
2.4.2. Qualitative Credit Control Methods
2.5. Limitations of Monetary Policy
2.6. Revision of Monetary Policy in India
2.7. Monetary Policy Committee (MPC)
growth, and to meet the challenge of an increasingly complex economy, RBI would operate a Monetary Policy Framework.
Composition of MPC
Functions of MPC
2.8. Latest Developments
Urjit Patel Committee
monetary policy committee (MPC).
Concerns regarding Urjit Patel Committee Recommendations
2.9. Miscellaneous
2.9.1. Monetary Policy vs. Fiscal Policy, Monetary-Fiscal Policy Mix
Difference in Lags of Monetary and Fiscal Policies
2.9.2. Inflation vs. Growth Tradeoff in Monetary Policy
Views against increasing interest rates
Rationale given by RBI for hiking interest rates
Can monetary policy alone control inflation in the economy?
2.9.3. Some Recent Terms
2.9.4. Marginal Cost of Funds Based Lending Rate (MCLR)
MCLR aims to:
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