Monetary Policy

In this book author has tried her best to observe the role of bank Rate Policy. At present to make effective role of Bank Rate, it has been associated with different interest rate like repo rate, policy repo rate and the MSF etc. The Bank Rate is also used by several other organisations as a reference rate for indexation purposes. The author has also shown that Bank Rate Policy associated with other policy is still have important role. The importance of this book is based on a thorough study of Bank Rate Policy. Bank Rate and its working mainly lies in the fact that Bank Rate serves as warning signal to the banking system.