Economics
RBI Reviewing CPI-Targeting Framework to Gauge Effectiveness
The Reserve Bank of India (RBI) head office in Mumbai.
Photographer: Punit Paranjpe/AFP via Getty Images
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India’s central bank is reviewing the framework behind monetary policy decision-making as pressure builds on authorities to do more to revive a slowing economy.
“Internally we are reviewing, we are analyzing how MPC framework has worked” since it’s been in operation, Reserve Bank of India Governor Shaktikanta Das told reporters in New Delhi on Saturday. “If required we will have a discussion and a dialog with the government.”