Balancing Inflation and Growth: The Cardinal Principle of Monetary Policy (Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - November 21, 2024 - “High-Level Policy Conference of Central Banks from the Global South Building Synergies”, Mumbai) https://www.taxtmi.com/news?id=28117 Balancing inflation and growth under the FIT framework requires legal primacy for price stability while permitting regard for growth; the framework's tolerance bands, averaged target, and failure definition allow judgemental trade offs. Effective fiscal monetary coordination and structural reforms expand policy space. Transparent, nuanced communication anchors expectations, and crisis management should rely on targeted, time bound liquidity measures, secondary market asset purchases, preserved collateral standards, and avoidance of direct deficit monetisation to maintain financial stability. en-us Thu, 21 Nov 2024 18:21:40 +0530 Thu, 21 Nov 2024 18:21:40 +0530 TaxTMI RSS Generator Balancing Inflation and Growth: The Cardinal Principle of Monetary Policy (Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - November 21, 2024 - “High-Level Policy Conference of Central Banks from the Global South Building Synergies”, Mumbai) https://www.taxtmi.com/news?id=28117 Balancing inflation and growth under the FIT framework requires legal primacy for price stability while permitting regard for growth; the framework's tolerance bands, averaged target, and failure definition allow judgemental trade offs. Effective fiscal monetary coordination and structural reforms expand policy space. Transparent, nuanced communication anchors expectations, and crisis management should rely on targeted, time bound liquidity measures, secondary market asset purchases, preserved collateral standards, and avoidance of direct deficit monetisation to maintain financial stability. News - Thu, 21 Nov 2024 18:21:40 +0530 https://www.taxtmi.com/news?id=28117