期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2022
卷号：26
期号：3
页码：1-15
语种：English
出版社：The DreamCatchers Group, LLC
摘要：Inflation is the turn down of purchasing command of a given currency over time or in other words, it is a wide-ranging climb in the price plane in an economy. Sovereign government of any nation tries to curb it by adopting various means in which revision in interest rates through monetary policy are assumed to be effective way. In this study, efforts has been made to analysis whether revision in interest rate prove to be a successful tool available to any sovereign to have control over price level. Secondary data from year 2011 to 2020 has been taken for inflation. (measured by Consumer Price Index and Wholesale price Index) and Interest rates (Cash Reserve Ratio, Statutory Liquidity Ratio, Marginal Standing Facility Rate, Repo Rate, Reverse Repo Rate and Bank Rate). For analytical purpose, Regression analysis, ANOVA and Correlation have been applied. The results of the study show that revision in interest rates does have an influence over prevailing inflation in the country. Revision in interest rates affects liquidity in the market, which in turn influences the purchasing power of people that helps in controlling the level of inflation.
关键词：Inflation;Sovereign;Interest Rate;Revision;Purchasing Power Etc
