Lower trend

Apart from the credibility of Raghuram Rajan’s successor and the objectivity of the government-appointed MPC members, a key focus of investors will be revision—if any—in the current inflation target and/or its range. These will dictate whether the MPC will be a paper tiger or a reform taken seriously by the government. Photo: Reuters<br />

Inflation targeting and credibility

4 min read . 13 Jul 2016