May 18, 2021

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RBI Favours Retaining Inflation Target, Tolerance Band For Next Five Years

1 min read

The Reserve Bank of India favours retaining the inflation target and the tolerance band adopted in 2016, citing the long-term trend and global experience.”The current numerical framework for price stability—an inflation target of 4% with a +/-2% tolerance band—is appropriate for the next five years,” the RBI said in its ‘Report On Currency And Finance’.According to the report:In the international experience, inflation-targeting emerg…

Vishwanath Nair
2021-02-26 04:25:16

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