RBI first time will submit report to Govt on failure to keep inflation below 6 per cent for 3 consecutive quarters
In case of failure to maintain the inflation target for three consecutive quarters, the central bank, under section 45ZN of the RBI Act, is required to submit a report to the government explaining the reasons and spelling out the remedial actions it would be taking to check the price rise.
Oct 30, 2022, 15:35 PM IST
'RBI may cut rate by 0.25% as inflation target within reach'
The Monetary Policy Committee headed by RBI Governor Urjit Patel last month cut benchmark interest rates by 0.25 percent to 6.25 percent.
Nov 16, 2016, 13:59 PM IST
Fed close to hitting job and inflation targets: Stanley Fischer
The Federal Reserve is close to hitting its targets for full employment and 2 percent inflation, the Fed`s No. 2 policymaker said on Sunday in comments that did not address when the U.S. central bank should next raise interest rates.
Aug 21, 2016, 21:02 PM IST
Not much shift in RBI policy ahead, 0.25% cut likely: Report
With the government setting inflation target at 4 percent, the Reserve Bank is unlikely to make much shift in its stance going forward and may go for a 25 bps cut in the second half of the fiscal.
Aug 12, 2016, 16:13 PM IST
Subbarao questions inflation-targeting, doubts its efficacy
Former Reserve Bank governor Duvvuri Subbarao has doubted achieving the 4 percent inflation target set under the new MPC set-up given the narrow margin the new price index has now and the way prices have been moving up in recent months.
Jul 27, 2016, 18:30 PM IST
Ready to act using all instruments available: ECB President Mario Draghi
In the latest, ECB has left the interest rates at record low. ECB President Mario Draghi expected inflation to pick up in second half of 2016.
Jun 02, 2016, 18:17 PM IST
RBI to focus on bringing inflation down to 4% target
The RBI has projected consumer inflation will hit 6 percent by January 2016 before gradually easing to 4 percent two years later.
Aug 27, 2015, 17:34 PM IST
India sets inflation target in monetary policy overhaul
India has formally adopted inflation targeting, a historic monetary policy overhaul that marks a victory for Reserve Bank of India Governor Raguram Rajan, as the government makes subduing chronically volatile prices a priority.
Mar 02, 2015, 18:06 PM IST
Monetary policy to now target inflation, to be 6% by Jan 2016
"The Reserve Bank will aim to bring inflation below 6 per cent by January 2016. The target of financial year 2016-17 and all subsequent years shall be four per cent with a band of (+/-) 2 per cent," the agreement said.
Mar 02, 2015, 11:56 AM IST
StanChart lowers FY16 inflation target; expects 75bps rate cut
Of the total, 50 basis points cut is expected within a couple of months, said the Standard Chartered report.
Feb 15, 2015, 10:36 AM IST
RBI, government to discuss timeline for 2-6% inflation target
"Going forward, we will discuss an appropriate timeline with the government in which the economy should move to the centre of the medium term inflation band of 2-6," Rajan said in a lecture at an industry event.
Dec 12, 2014, 11:29 AM IST
