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Monetary Policy Transmission in India by GOURAV MISHRA is a document available to read on EtoBox.

What is Monetary Policy Transmission in India about?

Monetary policy transmission in India from February 2019 to January 2020 is examined. While transmission to overnight rates was swift, transmission to bank lending rates was muted due to long-maturity deposits at fixed rates. The repo rate was cut 135 basis points, transmitting fully to money markets. However, government bond yields fell less due to fiscal concerns. Transmission to bank deposit and lending rates was also impacted, though an external benchmark system may improve this.

Author
GOURAV MISHRA
Language
EN

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