https://www.taxtmi.com/news?id=19075 The statutory creation of a Monetary Policy Committee and adoption of Flexible Inflation Targeting made headline CPI inflation the operative policy metric, with a government-set target and tolerance band and statutory accountability for sustained breach. The RBI built institutional and operational capacity - including new CPI series, a glide path to lower inflation, and strengthened liquidity-management tools - while the MPC navigated shocks (food-price volatility, demonetisation, GST) and the growth-inflation trade-off, culminating in an October decision to hold the policy rate with a neutral stance and stress the need to reinvigorate investment. en-us Tue, 21 Nov 2017 18:46:49 +0530 Tue, 21 Nov 2017 18:46:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19075 The statutory creation of a Monetary Policy Committee and adoption of Flexible Inflation Targeting made headline CPI inflation the operative policy metric, with a government-set target and tolerance band and statutory accountability for sustained breach. The RBI built institutional and operational capacity - including new CPI series, a glide path to lower inflation, and strengthened liquidity-management tools - while the MPC navigated shocks (food-price volatility, demonetisation, GST) and the growth-inflation trade-off, culminating in an October decision to hold the policy rate with a neutral stance and stress the need to reinvigorate investment. News - Tue, 21 Nov 2017 18:46:49 +0530 https://www.taxtmi.com/news?id=19075