4 min read.Updated: 29 May 2019, 03:11 PM ISTVidya Mahambare,Anuj Agarwal
It may be a good idea to record and release transcripts of Monetary Policy Committee meetings
In 2016, the Reserve Bank of India (RBI) adopted an inflation targeting framework. Under this, its Monetary Policy Committee (MPC), consisting of three internal and three external members, determines the central bank’s policy rate (repurchase rate). Each member has one vote and, in the event of a tie, the RBI governor has the casting vote.