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Actual Inflation has Stayed Below the RBI's Target
Feb 6, 2019


In 2016, the RBI adopted an inflation target of 4% (+/-2%) for next five years under the monetary policy framework.

However, as I mentioned earlier, since August last year, inflation has stayed below RBI's target of 4%.

In fact, in December, CPI-based retail inflation declined to an 18-month low of 2.2%.

Currently, the RBI's policy stance was 'calibrated tightening'.

But with the recent inflation data, the MPC may change its monetary stance to 'neutral', even if it does not cut the repo rate.

Data Source: Ministry of Statistics and Programme Implementation

This Chart Of The Day was published in The 5 Minute WrapUp - To Cut or Not to Cut, that is the Question for the RBI Tomorrow

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