Inflation target of 4% will be met in second half of this financial year: RBI paper.

Banking & Finance

A durable alignment of the 4% inflation target may begin to appear from second half of the current fiscal, the central bank economists led by the deputy governor Michael Debabrata Patra, who is in charge of the monetary policy department at the Mint Road, have said in the latest monthly bulletin.The monetary policy committee is mandated to bring retail inflation at of 4%, with a leeway of 2 percentage point on either side. But the central bank has not been able to meet the target so far on a durable basis instead it had missed it during the pandemic. And three successive quarter of missing the target entails the governor to write to the government.


      The monetary policy committee is mandated to bring retail inflation at of 4%, with a leeway of 2 percentage point on either side.

     

     

 

     


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