Advertisement
Co Presented By
Co Presented By
Sections
New monetary policy framework to be out by Jan 2015
In January, a Reserve Bank of India panel headed by deputy bank governor Urjit Patel recommended a policy framework that would lead to 6 percent consumer price inflation by 2016.<br />
New Delhi: India will unveil a new monetary policy framework by the end of January 2015, a finance ministry official told reporters on Tuesday.
The official, who did not wish to be named, said the government will set the new inflation target which will be implemented by a monetary policy panel.
Advertisement
In January, a Reserve Bank of India panel headed by deputy bank governor Urjit Patel recommended a policy framework that would lead to 6 percent consumer price inflation by 2016.
Reuters
First Published:Oct 07, 2014, 17:45:07 IST
Advertisement
Advertisement
India’s trade surplus with US may cross $90 billion after tariff cuts, says SBI report
Lower duties under the India–US trade deal could push exports past $100 billion annually and sharply widen the surplus, SBI analysis suggests.
1 min read
Inflation likely to be a big focus area for budget 2024, say sources
Retail inflation in India jumped in November and peaked three months later at 5.55 per cent, according to statistics released on December 12 by the National Statistics Office (NSO)
Explained: Will the Bank of Japan break tradition and raise interest rates?
Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1 per cent even as the yen sinks to three-decade lows against the dollar
UK enters recession, central bank admits
Bank of England’s Monetary Policy Committee released minutes of its meetings, which most recently included a warning about the UK economy entering or possibly even already being in a recession. Read more.
Explained: How the rising US dollar can affect everyone
The dollar is near its highest level in more than two decades against major currencies, including the euro and Japanese yen. Many professional investors don't expect it to ease off anytime soon
Advertisement
Advertisement