‘Mission 4%’ for lower trend inflation
Launch 'Mission 4%' to achieve a new low and stable normal for trend inflation
The forthcoming monetary policy meeting on 4 October will be the first for Urjit Patel as Reserve Bank of India (RBI) governor. It will also be the first for the newly constituted six-member monetary policy committee (MPC), unless there is a delay in notifying some of its operational procedures. Finally, the RBI will also publish its biannual monetary policy report, which will contain its detailed assessment of inflation over the next six to 18 months.
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