Updated Feb 18, 2021 | 18:09 IST Economic Affairs Secretary Tarun Bajaj has formally written to the central bank seeking its views. The RBI is expected to reply by the end of February. Finance Minister Nirmala Sitharaman | Photo Credit: IANS New Delhi: The Finance Minister will soon review the inflation targeting framework with top finance ministry and RBI officials as a five-year term of the existing 2%-6% monetary policy framework draws to a close, a government source told ET Now. “The government will formalize view on inflation targeting framework before March 31,” the source added. The government, in 2016, amended the RBI Act to provide a legal basis for the implementation of the flexible inflation targeting framework. This helps the six-member MPC, chaired by RBI in setting interest rates.