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    <title>Dynamics of Inflation in South Asia (Keynote address delivered by Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - August 24, 2022 - at the SAARCFINANCE Seminar hosted by India, New Delhi)</title>
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    <description>Monetary authorities face a complex trade-off: repeated supply shocks and cost push pressures can produce second round effects through expectations and exchange rate channels, requiring pre emptive monetary tightening to anchor expectations and protect credibility. India&#039;s experience under an inflation targeting framework has involved front loaded policy rate increases and calibrated withdrawal of pandemic liquidity, alongside strengthened forecasting and monitoring using expanded surveys, market intelligence, crop remote sensing and data science tools to improve inflation management.</description>
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