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RBI Deputy Governor says monetary policy has to be forward-looking because of its lags

RBI Deputy Governor Michael Debabrata Patra on Thursday said monetary policy is by its nature a technical area of economic policy-making and it has to be forward-looking because of the lags with which policy rates change get transmitted across the markets and eventually get reflected in lending rates, mortgage rates and yields.
Michael Debabrata Patra Governor Michael Debabrata Patra Economics Conclave Deputy Governor Forward Looking Ews India

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