The fee recovered by the Bank for some of the above services, which are rendered as an adjunct to its role as Banker to Government, are nominal and do not even cover the costs, while for most other services no charge is levied. Recent reforms undertaken Focal point and beyond The experience of the working of the "Departmentalised Scheme" has shown a few shortcomings.
The transmission mechanism of QQE  A key transmission mechanism of QQE is the lowering of expected real interest rates (Chart 2). The clear commitment by the Bank to achieve the inflation target and the large-scale monetary easing to underpin that commitment will raise inflation expectations.