Time to Focus on Inflation Again
Manage episode 327565329 series 2774033
With the latest retail inflation figures coming in at 6.95%, the focus should shift to inflation and monetary policy. The RBI is bound by an inflation targeting mechanism, where it is accountable to parliament when inflation is in excess of 6% for three consecutive quarters. Anupam Manur and Mihir Mahajan discuss the evolution of central bank mandates, the inflation targeting mechanism and why the RBI has been let-off easily this time despite inflation breaching the comfort zone.
Notes:
Hindi Films adjusted for inflation [cartoons]
Petrol prices [twitter thread by James Wilson]
Follow Anupam on twitter : https://twitter.com/anupammanur
Follow Mihir on twitter : https://twitter.com/mihirmahajan
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