The Policy Monitor
Operation Twist was the name coined for a monetary policy tool by the US Federal Reserve with a far-fetched motive to influence the prevailing interest rate in the markets. The tool essentially aims at changing the shape of the yield curve through the simultaneous buying and selling of short-term and long-term government securities.
The major catalyst for any country’s economy is the banking sector. It is the major source of financial resources for capital-intensive sectors such as infrastructure, automobiles, iron and steel, industrials and high-growth sectors such as pharmaceuticals, healthcare and consumer discretionary.
Yet another resignation of the Central bank’s Governor, Urjit Patel, mentioning “personal reasons” especially during the time when the tussle between the Central Government and RBI is evident, has surely raised many eyebrows. Earlier, Former RBI Governor Raghuram Rajan had resigned on 4 September 2016 as the 23rd Governor of […]
The decision taken by the Central Bank on Thursday, 7th of February not only did surprise economists but market watchers as well. Whereas the unanimous decision of changing the monetary policy stance from ‘calibrated tightening’ to ‘neutral’ seemed plausible, the cutting of the repurchase rate by 25 basis points didn’t […]
The ongoing tussle between the government and the RBI regarding various issues has seen a new turn with the resignation of Urjit Patel as the RBI chief and paving the way for the appointment of Shaktikanta Das, a former economic affairs secretary at the Finance Ministry, for the top job. […]