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Mid-term Review of Annual Policy for the year 2004-05
-Announced on the 26th October 2004



Dr. Y.Venugopal Reddy, Governor, announced Mid-term Review of Annual Policy Statement for the year 2004-05 on 26th October 2004. At the outset, Governor explained that the intention of policy documents is to capture the rationale of monetary, structural and prudential measures introduced by the Reserve Bank from time to time. In the process, the approach of greater transparency and better communication contributes towards an effective consultation process in policy making. Governor mentioned that the Statement follows the pattern already set in the previous years.

The policy documents of the Reserve Bank capture the rationale of monetary, structural and prudential measures introduced from time to time against the background of an assessment of macroeconomic and monetary developments. In the process, the approach of greater transparency and better communication contributes towards an effective consultation process in policy making. This Statement on Mid-term Review of the Annual Policy for the year 2004-05 follows the pattern already set in the previous years. It consists of three parts:

I   Mid-term Review of Macroeconomic and Monetary Developments in 2004-05

II  Stance of Monetary Policy for the Second Half of 2004-05

III Financial Sector Reforms and Monetary Policy Measures


Click Here For Highlights of Mid-term Review of Annual Policy




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