Monetary policy committee under "active" discussion: RBI deputy

Last Updated: Wednesday, September 9, 2015, 20:25

The RBI is holding "active" discussions with the government on the formation of a monetary policy committee that would decide interest rates, a deputy governor of the bank, S.S. Mundra, said on Wednesday.

Govt, RBI reach consensus on monetary policy committee: Jayant Sinha

Last Updated: Thursday, August 27, 2015, 21:41

"As far as MPC is concerned, we have reached a consensus with RBI. On that, a (Cabinet) note has been prepared. We will have to see when it gets to the Cabinet," he said here.

Rajan sets inflation fight, bank books clean-up as priorities

Last Updated: Thursday, August 27, 2015, 19:19

Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.

Consensus between govt, RBI on monetary policy panel: FinMin

Last Updated: Tuesday, August 18, 2015, 17:58

The government and the Reserve Bank have reached a consensus on the structure for the proposed Monetary Policy Committee and Public Debt Management Agency, said Finance Secretary Rajiv Mehrishi.

Bill to set up monetary policy committee likely in next Parl session: Mehrishi

Last Updated: Thursday, August 13, 2015, 16:26

Government may push amendments to the RBI Act in the Winter Session of Parliament for setting up a public debt management agency and a monetary policy committee (MPC) that will decide on the key interest rate.

Rangarajan favours RBI majority in Monetary Policy Committee

Last Updated: Sunday, August 9, 2015, 11:10

Joining the debate over the powers of RBI Governor in setting policy rate, bank's former head C Rangarajan on Sunday said the government can do away with the veto power of Governor but the majority of members in the Monetary Policy Committee should be from the apex bank.

No differences between RBI, govt on MPC: RBI

Last Updated: Saturday, August 8, 2015, 18:00

He also said that RBI would like to see, among other things, as to how banks pass on the benefit of earlier rate cuts to customers before it goes in for another cut.

Bank of England holds interest rate at 0.50%

Last Updated: Thursday, August 6, 2015, 19:06

The MPC "voted by a majority of 8-1 to maintain Bank Rate at 0.5 percent", the BoE said.

Bank of England warns of spillover risks from global rate rises

Last Updated: Wednesday, June 17, 2015, 16:03

Bank of England policymakers warned this month Britain could be affected when other countries start to raise interest rates, but that the outlook for British rates hinged on domestic inflation.

Raghuram Rajan says MPC discussion not currently top of list

Last Updated: Friday, April 17, 2015, 10:05

Governor Raghuram Rajan said in an interview with an English daily that the central bank is "on the same page" as the government on many issues.

No differences with govt over setting up of PDMA: RBI

Last Updated: Monday, March 23, 2015, 14:09

There are no differences with the government over setting up of an agency for raising public debt, RBI Deputy Governor S S Mundra said Friday.

No disconnect between RBI and government: FM Jaitley

Last Updated: Sunday, March 22, 2015, 13:03

Jaitley, who addressed the RBI board on his proposals in Budget for 2015-16, said there have been regular interactions and the government often takes opinion and suggestions of the central bank.