Economics
Shake-Up Looms for Reserve Bank of India’s Rate-Setting Panel
- Three external MPC members will end their terms soon
- RBI’s inflation target is also currently under review
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India’s central bank will soon have a new group of policy makers setting interest rates and possibly a change to its mandate too.
The six-member Monetary Policy Committee will have four new faces this year: the terms of three independent people on the panel expire at the end of next month and one internal member retired in June. In addition, the inflation-targeting framework is already under review before the current five-year mandate ends next year.