Friday, August 25, 2023

Annual Jackson Hole Symposium

 The Federal Reserve Bank of Kansas City’s Economic Policy Symposium in Jackson Hole, Wyo., is one of the longest-standing central banking conferences in the world. The event brings together economists, financial market participants, academics, U.S. government representatives, and news media to discuss long-term policy issues of mutual concern. 

The 2023 Economic Policy Symposium. “Structural Shifts in the Global Economy,” will be held Aug. 24-26.

To foster the open discussion that the symposium is known for, attendees are selected based on each year’s topic with consideration for diversity in region, background, and industry. In a typical year, about 120 people attend consisting of the following groups.

A key feature of the event is the thoughtful discussion that takes place among the participants. Given the participants and the topics being discussed, there is substantial interest in the symposium. However, to help foster the open discussion that has been so critical to the symposium’s success, attendance at the event is limited.

Similarly, although the Bank receives numerous requests from media outlets worldwide, press attendance is also limited to a group that is selected to provide important transparency to the symposium, but yet not overwhelm or influence the proceedings. All symposium participants, including members of the press, pay a fee to attend. The fees are then used to recover event expenses.


The 2023 event marks the 46th year of the annual forum.

The Federal Reserve Bank of Kansas City will convene its annual Economic Policy Symposium, Aug. 24-26 in Jackson Hole, Wyoming. The 2023 event, which marks the symposium’s 46th year, will focus on the theme "Structural Shifts in the Global Economy."

This year’s theme will explore several significant, and potentially long-lasting, developments affecting the global economy. While the immediate disruption of the pandemic is fading, there likely will be long-lasting aftereffects for how economies are structured, both domestically and globally, as trade networks shift, and global financial flows react. Similarly, the policy response to the pandemic and its aftermath could have persistent effects as economies adjust to rapid shifts in the stance of monetary policy and a substantial increase in sovereign debt. Papers will share how these developments are likely to affect the context for growth and monetary policy in the coming decade.

The full agenda will be available at External Linkkansascityfed.org on Thursday, Aug. 24 at 8 p.m. ET/6 p.m. MT. Federal Reserve Chair Jerome Powell’s remarks will be streamed on the Kansas City Fed’s YouTube channel, External Linkyoutube.com/kansascityfed on Friday, Aug. 25 at 10:05 a.m. ET/8:05 a.m. MT. Papers and other materials will be posted on the Kansas City Fed’s website as they are presented during the event.

Since 1978, the Federal Reserve Bank of Kansas City has sponsored a symposium on an important economic issue facing the U.S. and world economies. Beginning in 1982, the symposium has been hosted at the Jackson Lake Lodge at Grand Teton National Park, which is located in Wyoming—one of the seven states served by the Tenth Federal Reserve District.

Each year, the event provides a venue for international central bankers, Federal Reserve officials, other policymakers and academics to discuss issues of mutual concern. Visit External Linkkansascityfed.org to read more about the symposium's External Linkdecades-long history.

As the regional headquarters of the nation’s central bank, the Kansas City Fed and its branch offices in Denver, Oklahoma City and Omaha serve the seven states of the Tenth District: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.


Wednesday, August 9, 2023

Monetary policy 2023-24


Who decides CRR and SLR in India?
The Reserve Bank of India

The Reserve Bank of India is authorised to make monetary policy under the Reserve Bank of India Act, 1934 and can set the cash reserve ratio between 3% and 15%




What is the upcoming RBI policy 2023?

In the April 2023 policy, the RBI had paused its rate hike cycle after raising the key lending rate for six consecutive times since May 2022. The RBI retained the real GDP growth projection at 6.5 per cent for FY2024 but cut the inflation projection marginally from 5.2 per cent to 5.1 per cent for the current fiscal. 
What is the monetary policy in June 2023?

In June 2023, the Monetary Policy Committee decided to keep the benchmark repo rate unchanged for the second time in a row, amid easing inflation and steady GDP growth in the Indian economy. RBI Governor Shaktikanta Das, however, was ready to act should the situation so warrant.

How many times MPC is conducted in a year?
The MPC is required to meet at least four times in a year. The quorum for the meeting of the MPC is four members.

What is the date of monetary policy in June 2023?
The Monetary Policy Committee (MPC) met on 6th, 7th and 8th June 2023. Based on an assessment of the macroeconomic situation and the outlook, the MPC decided unanimously to keep the policy repo rate unchanged at 6.50 per cent.
How many times RBI announces monetary policy in a year?
The Reserve Bank of India (RBI) has announced that its rate-setting panel, the Monetary Policy Committee (MPC), will meet six times in the next financial year (FY24). The first meeting of the MPC is scheduled to take place from April 3-6, followed by meetings in June, August, October, December, and February 2024.
How many members are there in a Monetary Policy Committee?
There are six members in the RBI's Monetary Policy Committee (MPC) of which three are from RBI and three are appointed by the Central government. The Members of the Monetary Policy Committee appointed by the Central Government shall hold office for a period of four years.
Who are the members of the monetary policy in 2023?
All members of the MPC, including Dr. Shashanka Bhide, Dr. Ashima Goyal, Jayanth R. Varma, Rajiv Ranjan, Michael Debabrata Patra, and Shaktikanta Das, unanimously voted to keep the policy repo rate unchanged at 6.5% for the second time.
Who are the 4 deputy governors of RBI?
One post of Deputy Governor is reserved for a commercial banker out of the four Reserve Bank of India Deputy Governors for which SBI MD Swaminathan Jankiraman has been appointed. The other three deputy governors are Michael Debabrata Patra, M Rajeshwar Rao and T Rabi Sankar
Who was the first female governor of RBI?
RBI has never had a female Governor. The Reserve Bank of India has not had a female Governor ever since it was formed on April 1, 1935. However, the apex bank had three female Deputy Governors, KJ Udeshi being the first appointed in 2003.

Who is the first woman Deputy Governor of RBI?
KJ Udeshi
KJ Udeshi is the first woman to hold the position of Deputy Governor in the Reserve Bank of India (RBI).