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RBI CREDIT AND MONETARY POLICIES (1999-2007) click here



Annual Policy Statement for the Year 2007-08
-Announced on the 24th April 2007 by Dr. Y.Venugopal Reddy, Governor, Reserve Bank of India



Dr. Y. Venugopal Reddy, Governor, in a meeting with Chief Executives of major commercial banks today presented the Annual Policy Statement for the Year 2007-08.
This Statement consists of two parts: Part I. Annual Statement on Monetary Policy for the Year 2007-08; and Part II. Annual Statement on Developmental and Regulatory Policies for the Year 2007-08.

Part I. Annual Statement on Monetary Policy for the Year 2007-08

The Annual Statement on Monetary Policy for the Year 2007-08 consists of three Sections:

I. Review of Macroeconomic and Monetary Developments during 2006-07   Read full text

II. Stance of Monetary Policy for 2007-08   Read full text

III. Monetary Measures   Read full text

Part II. Annual Statement on Developmental and Regulatory Policies for the Year 2007-08

An Overview    Read full text

The Annual Statement on Developmental and Regulatory Policies for the year 2007-08 is divided into five sections:

I. Interest Rate Policy   Read full text

II. Financial Markets    Read full text

III. Credit Delivery Mechanism and Other Banking Services    Read full text

IV. Prudential Measures   Read full text

V. Institutional Developments   Read full text

An analytical review of macroeconomic and monetary developments was issued a day in advance as a supplement to Part I of this Statement, providing the necessary information and technical analysis with the help of charts and tables.

The Annual Statement on Monetary Policy will be reviewed on a quarterly basis during 2007-08, whereas the Annual Statement on Developmental and Regulatory Policies will be reviewed along with the Mid-Term Review of Monetary Policy, in continuation of the changes in the institutional framework of policy formulation that were initiated in 2005-06. Accordingly, the date for the First Quarter Review is July 31, 2007.

Mid-Term Review of the Annual Policy Statement on Developmental and Regulatory Policies will be undertaken on October 30, 2007.

Click Here For Highlights of Annual Policy Statement for the Year 2006-07

Click Here For Macro economic and Monetary Developments : 2005-06




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