Future Readying India’s Monetary Policy (Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - July 9, 2024 - in the Mid-Career Training Programme for officials of the Indian Administrative Service at the Lal Bahadur Shastri National Academy of Administration, Mussoorie)

Future Readying India’s Monetary Policy (Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - July 9, 2024 - in the Mid-Career Training Programme for officials of the Indian Administrative Service at the Lal Bahadur Shastri National Academy of Administration, Mussoorie) https://www.taxtmi.com/news?id=27603 Monetary policy must act as the anchor of the economy by stabilising aggregate demand around productive capacity and preserving price stability. It should be forward looking given lagged data and uncertain transmission, adhere to an instrument-goal alignment, avoid time inconsistency, and use clear communication to anchor expectations. Policy risk assessment must weigh domestic strengths-domestic financing of investment, financial stability, fiscal consolidation, demographic dividend, and digitalisation-against challenges in skills, formal employment, infrastructure, exports, and climate transition. en-us Fri, 12 Jul 2024 17:28:07 +0530 Fri, 12 Jul 2024 17:28:07 +0530 TaxTMI RSS Generator Future Readying India’s Monetary Policy (Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - July 9, 2024 - in the Mid-Career Training Programme for officials of the Indian Administrative Service at the Lal Bahadur Shastri National Academy of Administration, Mussoorie) https://www.taxtmi.com/news?id=27603 Monetary policy must act as the anchor of the economy by stabilising aggregate demand around productive capacity and preserving price stability. It should be forward looking given lagged data and uncertain transmission, adhere to an instrument-goal alignment, avoid time inconsistency, and use clear communication to anchor expectations. Policy risk assessment must weigh domestic strengths-domestic financing of investment, financial stability, fiscal consolidation, demographic dividend, and digitalisation-against challenges in skills, formal employment, infrastructure, exports, and climate transition. News - Fri, 12 Jul 2024 17:28:07 +0530 https://www.taxtmi.com/news?id=27603