Monetary Policies in Recent Times
<p id="p1">The quintessence of monetary policy is containing inflation, while maintaining growth. It is the inflation-growth trade-off. Central Banks such as Federal Reserve in the United States (US), European Central Bank (ECB) to those in Canada, China, Japan, India, Nigeria, Turkey, Bangladesh, a...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book Chapter |
| Language: | English |
| Published: |
IntechOpen
2024
|
| Subjects: | |
| Online Access: | https://www.intechopen.com/chapters/89098 |
| Tags: |
No Tags, Be the first to tag this record!
|
| Summary: | <p id="p1">The quintessence of monetary policy is containing inflation, while maintaining growth. It is the inflation-growth trade-off. Central Banks such as Federal Reserve in the United States (US), European Central Bank (ECB) to those in Canada, China, Japan, India, Nigeria, Turkey, Bangladesh, and Sri Lanka among others have recently altered the interest rates to suit their existing economic conditions. This has an impact on currency as well as domino effect on industries and other businesses. Their capex cycle gets affected. There is an impact on Equated Monthly Instalments (EMIs) on consumer loans. The Net Interest Margins (NIMs) of banks are also affected. <em><italic xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">Ceteris paribus,</italic></em> there is an impact on GDP growth and international trade as well. With climate financing and carbon neutrality gaining currency, the inextricable and inevitable link between weather and agricultural output came to the fore. This got accentuated by global warming in general and El Nino in particular.</p> |
|---|---|
| ISBN: | 978-0-85014-048-4 |
| DOI: | 10.5772/intechopen.113916 |