its lowest level for nearly two years. consumer prices rose by 5% of the year to march, a far cry from the 9% it was that in june. but there are warnings of a possible recession in the pipeline. our business reporter is katie silver, she s been looking through the dater and joins me now on the programme. great to have you on the show. this looks pretty optimistic, doesn t it was back it s good news it isn t it? it’s doesn t it was back it s good news it isn t it? news it isn t it? it s good news it isn t it? it s good news but it news it isn t it? it s good news but it needs - news it isn t it? it s good news but it needs to - news it isn t it? it s good news but it needs to be i news but it needs to be analysed further and taken with analysed further and taken with a grain of salt. inflation is down and there are warnings every session but still we are hearing the fed may hike rates for the three things that don t normally go together. in terms of the inflation figure w
point present. economic growth at around four point present- point present. thank you for keein: point present. thank you for keeping us point present. thank you for keeping us up-to-date - point present. thank you for keeping us up-to-date on i point present. thank you for i keeping us up-to-date on that keeping us up to date on that story. as katie was saying about inflation in the united states is a similar picture in india where the countries retail inflation for march rose at the slowest pace in nearly 15 months. the consumer price index rose 566% from a year earlier according to government data released on wednesday. that never falls within the inflation target band of around two and 6% set by the reserve bank of india. last week the central bank held its key rate study after six consecutive hikes. despite consumer prices showing signs of moderating in the us in india inflation is still very much a concern but officials at the international monetary fund for the risk to the gl
CEA Krishnamurthy Subramanian (File photo)
NEW DELHI: India’s inflation target band needs to be refined to reflect demand-side factors and the monetary policy should not be affected by supply-side factors, a senior government official said on Monday.
The current monetary policy framework, signed by Prime Minister Narendra Modi’s government with the Reserve Bank of India (RBI) in 2015, expires next month and is expected to be adjusted when it is signed off for the next five-year term to provide greater flexibility to support economic growth.
Retail inflation, which had touched double-digits during the UPA government regime, has gradually fallen, helping Modi to win a second term in 2019.
India s inflation target band up for review - finance minister
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Last Updated: Feb 18, 2021, 06:22 PM IST
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Synopsis
The band, on the basis of which monetary policy is decided by a six-member committee headed by the central bank governor, was established in 2016.
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India s inflation target band of 2%-6% is up for review as the current framework under which the country s interest rate is set is completing its five-year term, Finance Minister Nirmala Sitharaman said on Thursday.
India s inflation target band of 2%-6% is up for review as the five-year term for the current monetary policy framework draws to a close, Finance Minister Nirmala Sitharaman said on Thursday.