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RBI reviewing monetary policy framework: Governor Shaktikanta Das

RBI reviewing monetary policy framework: Governor Shaktikanta Das

Sunday, February 23, 2020, 3:20 PM

The RBI is reviewing the retail inflation targeting framework behind monetary-policy-decision as well as its effectiveness and also plans to hold stakeholders consultations including with the government in June, Governor Shaktikanta Das said. In a bid to keep inflation under specified level, the government in 2016 had decided to set-up Monetary-Policy-Committee headed by RBI-Governor entrusted with the task of fixing the benchmark policy rate(repo-rate).
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