Central Banking in Uncertain Times: The Indian Experience (Opening Plenary Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - June 13, 2023 - Delivered at the Summer Meetings organised by Central Banking, London, UK)

Central Banking in Uncertain Times: The Indian Experience (Opening Plenary Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - June 13, 2023 - Delivered at the Summer Meetings organised by Central Banking, London, UK) https://www.taxtmi.com/news?id=26593 The Reserve Bank of India combined calibrated monetary policy shifts-initial rate cuts and targeted liquidity support with maintained collateral standards and sunset clauses-with a later transition to withdrawal of accommodation and successive rate increases as inflation broad based. This approach operated within a Flexible Inflation Targeting framework while weighing growth priorities. Complementary measures included strengthened governance, uniform capital and liquidity requirements, scale based regulation for non bank entities, enhanced supervisory analytics and continuous stress testing. Communication and forward guidance, including pre announced asset purchases, were used to anchor expectations and facilitate orderly policy transmission. en-us Wed, 14 Jun 2023 13:07:18 +0530 Wed, 14 Jun 2023 13:07:18 +0530 TaxTMI RSS Generator Central Banking in Uncertain Times: The Indian Experience (Opening Plenary Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - June 13, 2023 - Delivered at the Summer Meetings organised by Central Banking, London, UK) https://www.taxtmi.com/news?id=26593 The Reserve Bank of India combined calibrated monetary policy shifts-initial rate cuts and targeted liquidity support with maintained collateral standards and sunset clauses-with a later transition to withdrawal of accommodation and successive rate increases as inflation broad based. This approach operated within a Flexible Inflation Targeting framework while weighing growth priorities. Complementary measures included strengthened governance, uniform capital and liquidity requirements, scale based regulation for non bank entities, enhanced supervisory analytics and continuous stress testing. Communication and forward guidance, including pre announced asset purchases, were used to anchor expectations and facilitate orderly policy transmission. News - Wed, 14 Jun 2023 13:07:18 +0530 https://www.taxtmi.com/news?id=26593