Download RBI Bi-monthly Monetary Policy Statement December 2018 PDF. This PDF covers\u00a0 the meaning of Bi-monthly monetary policy statement , monetary policy committee and its members, 5th bi-monetary policy statement for 2018-19 Financial Year very useful for UPSC, BANKING, SSC & all competitive exams.<\/p>\n
Download Monetary Policy Statement December 2018 PDF<\/a><\/p>\n All Banking\/SSC\/RRB Content @ Rs. 199<\/a><\/p>\n Download Daily & Monthly Current affairs quiz PDF<\/a><\/p>\n Download all General Knowledge Questions & Answers PDF<\/a><\/p>\n Download Current Affairs Questions & Answers PDF<\/a><\/p>\n Download General Science Notes And Q&A PDF<\/a><\/p>\n\n A panel headed by Urjit Patel has recommended for the bi-monthly monetary policy review. Accordingly RBI has changed to bi-monthly monetary policy review in the year 2014. Therefore Monetary policy is reviewed every 2 months i.e, six times in a year by the Monetary Policy Committee.<\/p>\n Monetary Policy Committee is a body of RBI consisting of \u00a06 members (3 members from RBI & 3 members from Government of India). The 3 members of MPC from RBI are RBI Governor who acts as the head of the MPC, RBI deputy governor & an officer from the RBI. The members from the government are selected by a Search-cum-selection committee headed by the cabinet secretary. The Monetary Policy Committee meets atleast 4 times a year.<\/p>\n The three members from the RBI are\u00a0Governor Urjit Patel, R Gandhi and\u00a0Michael Patra. The three members from the government are Chetan Ghate, Professor at Indian Statistical Institute, Pami Dua, Director at Delhi School of Economics and Ravindra Dholakia, Professor of IIM Ahmedabad .<\/p>\n <\/p>\n Repo rate :<\/b><\/strong><\/p>\n The rate of interest RBI charges on the short term borrowings\u00a0to the banks\u00a0is the repo rate.<\/p>\n Reverse repo rate:<\/b><\/strong><\/p>\n It is the rate of the interest the RBI pays to its clients such as banks who offer short term<\/p>\n loan to it.<\/p>\n Bank rate:<\/b><\/strong><\/p>\n It is an interest rate at which RBI lends its long-term loans to the Government of India, state governments, financial institutions,NBFCs etc.<\/p>\n Marginal standing facility :<\/b><\/strong><\/p>\n A\u00a0higher interest rate at\u00a0which the banks can borrow overnight upto 1% of the net demand & time liabilities from the RBI .<\/p>\n Cash Reserve Ratio:<\/b><\/strong><\/p>\n It is the ratio of the total deposits of a bank i.e, kept with RBI in the form of cash.<\/p>\n Statutory Liquidity Ratio:<\/b><\/strong><\/p>\n It is a portion of time & demand liabilities to be maintained by the bank in the form of government securities, public sector bonds, current account balances with other banks, gold.<\/p>\n Inflation:<\/b><\/strong><\/p>\n Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over a period of time.<\/p>\n Gross Domestic Product:<\/b><\/strong><\/p>\n GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time.<\/p>\n\u00a0\u00a0\u00a0<\/b><\/strong>Bi-monthly Monetary Policy Statement:<\/b><\/strong>\u00a0 <\/b><\/strong><\/h2>\n
Monetary Policy Committee:<\/b><\/strong><\/h2>\n
Present Members of the Monetary Policy Committee:<\/b><\/strong><\/h2>\n
Fifth Bi-monthly Monetary Policy Statement 2018-19:<\/b><\/strong><\/h2>\n
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\n Economic Instrument\/Indicator<\/strong><\/td>\n Rate<\/strong><\/td>\n<\/tr>\n \n Repo \u00a0Rate<\/td>\n 6.5%<\/td>\n<\/tr>\n \n Reverse Repo Rate<\/td>\n 6.25%<\/td>\n<\/tr>\n \n Bank Rate<\/td>\n 6.75%<\/td>\n<\/tr>\n \n Marginal Standing Facility<\/td>\n 6.75%<\/td>\n<\/tr>\n \n Cash Reserve Ratio<\/td>\n 4%<\/td>\n<\/tr>\n \n Stautory Liquidity Ratio<\/td>\n 19.5%<\/td>\n<\/tr>\n \n Inflation for 2nd<\/sup>\u00a0half of 2018-19 FY<\/td>\n 2.7%\u00a0to 3.2%<\/td>\n<\/tr>\n \n Inflation for 1st\u00a0half of 2019-20 FY<\/td>\n 3.8%\u00a0to 4.2%<\/td>\n<\/tr>\n \n GDP growth rate projection for 2018-19 FY<\/td>\n 7.4%<\/td>\n<\/tr>\n \n GDP growth rate projection\u00a0for first half of 2019-20\u00a0FY<\/td>\n 7.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n