Monetary Policy Committee definition
Examples of Monetary Policy Committee in a sentence
This shall be calculated on a daily basis at the annual rate of 3% above the rate set from time to time by the Bank of England’s Monetary Policy Committee or any successor to it.
This Act made several changes to New Zealand's monetary policy framework, including establishing a Monetary Policy Committee ("MPC") to formulate monetary policy, and amending the RBNZ's monetary policy objectives to require consideration of maximum sustainable employment alongside price stability when making monetary policy decisions.
In fact, in BNM’s statement after its Monetary Policy Committee meeting on 31 January 2012, it was announced that the OPR will be maintained at 3% in view of the challenging global environment and the risks to the domestic growth and inflation.
They shall exercise the powers provided for the Board of Directors and the Monetary Policy Committee in the Constitution until the Monetary Policy Committee takes office.
All decisions of the Board of Directors and the Monetary Policy Committee shall be taken by simple majority.
At the highest level, the Bank is responsible for monetary policy and financial stability, primarily through its Monetary Policy Committee, Financial Policy Committee, Financial Market Infrastructure Committee and Prudential Regulation Committee.
RBI’s 3rd Bi-Monthly Monetary Policy Statement 2020-21 Released: The Monetary Policy Committee of the Reserve Bank of India met on 7th, 8th and 9th October for its third meeting of 2020-21.
The other members of the Board of Directors shall be appointed for a term of five years, and the other members of the Monetary Policy Committee for a term of seven years.
The initiative is based on ten fundamental principles that are intended to make globalization more social and ecological and prevent corruption.
All interest rates quoted are linked to the reference rate which is a fluctuating rate as prescribed by the Monetary Policy Committee of the South African Reserve Bank.