Monetary policy committe | मौद्रिक नीति समिति | RBI | Sunil Abhivyakti | IQIP | UPSC-CSE | 2023 |

Monetary policy committe | मौद्रिक नीति समिति | RBI | Sunil Abhivyakti | IQIP | UPSC-CSE | 2023 | Under Section 45ZB of the amended (in 2016) RBI Act, 1934, the central government is empowered to constitute a six-member Monetary Policy Committee (MPC). ➔ OBJECTIVE: MPC shall determine the Policy Rate required to achieve the inflation target RBI Governor as its ex officio chairperson, ➔ Deputy Governor in charge of monetary policy, ➔ An officer of the Bank to be nominated by the Central Board, ➔ Three persons to be appointed by the central government. #thehindutodayanalysis #iasaspirant #upsc