Showing posts with label monetary policy. Show all posts
Showing posts with label monetary policy. Show all posts

Tuesday, February 19, 2013

MONETARY POLICY

Monetary policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth.In India, the central monetary authority is the Reserve Bank of India . is so designed as to maintain the price stability in the economy. Other objectives of the monetary policy of India, as stated by RBI, are:...