https://www.taxtmi.com/news?id=26805 The monetary policy framework shifted to Flexible Inflation Targeting in 2016, with a legislatively mandated numerical inflation target and a collegial Monetary Policy Committee to decide the policy rate. Forward-looking forecasts-nowcasting, short-term econometric projections, and a calibrated quarterly model-anchor policy choices. FIT's flexibility enabled calibrated easing, targeted liquidity operations and limited asset purchases during the pandemic, and a subsequent withdrawal of accommodation in response to generalized inflationary shocks, all supported by transparent communication and liquidity management. en-us Wed, 06 Sep 2023 10:15:45 +0530 Wed, 06 Sep 2023 10:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26805 The monetary policy framework shifted to Flexible Inflation Targeting in 2016, with a legislatively mandated numerical inflation target and a collegial Monetary Policy Committee to decide the policy rate. Forward-looking forecasts-nowcasting, short-term econometric projections, and a calibrated quarterly model-anchor policy choices. FIT's flexibility enabled calibrated easing, targeted liquidity operations and limited asset purchases during the pandemic, and a subsequent withdrawal of accommodation in response to generalized inflationary shocks, all supported by transparent communication and liquidity management. News - Wed, 06 Sep 2023 10:15:45 +0530 https://www.taxtmi.com/news?id=26805