Credit policy renamed
By Dr Y.V. Reddy, Governor | 02 Apr 2004
Dr Y.V. Reddy, Governor, Reserve Bank of India, said that the RBI would announce the Annual Policy Statement for the year 2004-05 on May 18.
The
credit policy will hereafter be known as ` RBI's annual
policy statement' and not as the monetary and credit policy,
the RBI spokesperson said.
Explaining the RBI's rationale for renaming the policy, the spokesperson said monetary measures had long since been de-linked from the policy per se and the measures announced over the past few years were related to credit and financial sector reforms.
Therefore,
appropriate changes have also been made to the nomenclature.