Monetary Policy: Trial by Pandemic (Address by Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - September 16, 2021 - at the Financial Markets Summit of the Confederation of Indian Industry, Mumbai) https://www.taxtmi.com/news?id=24466 India's FIT framework, defined by a dual mandate, averaging and a tolerance band, permitted pre emptive rate cuts and large liquidity injections during the pandemic while allowing transitory supply driven inflation to be looked through; liquidity management adapted by running an asymmetrical corridor and absorption mode, using VRRRs on a graduated path to restore the standard framework without signalling withdrawal of accommodation. en-us Thu, 16 Sep 2021 15:22:51 +0530 Thu, 16 Sep 2021 15:22:51 +0530 TaxTMI RSS Generator Monetary Policy: Trial by Pandemic (Address by Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - September 16, 2021 - at the Financial Markets Summit of the Confederation of Indian Industry, Mumbai) https://www.taxtmi.com/news?id=24466 India's FIT framework, defined by a dual mandate, averaging and a tolerance band, permitted pre emptive rate cuts and large liquidity injections during the pandemic while allowing transitory supply driven inflation to be looked through; liquidity management adapted by running an asymmetrical corridor and absorption mode, using VRRRs on a graduated path to restore the standard framework without signalling withdrawal of accommodation. News - Thu, 16 Sep 2021 15:22:51 +0530 https://www.taxtmi.com/news?id=24466