4% inflation target is ideal as it matches average trend since 2014, says RBI paper
4% inflation target is ideal as it matches average trend since 2014, says RBI paper SECTIONS Share Synopsis The real time estimate of trend inflation was around 5% till the end of 2013, while it fell steadily to 4.1% in the first quarter of 2019, before rising to breach the 6% upper tolerance limit during the last nine months due to COVID-19 pandemic-led disruptions. Agencies RBI projected CPI to be at 6.8% for the third quarter, 5.8% for the fourth quarter and 5.2-4.6% in the first half of next fiscal. A 4% inflation target for the Indian Monetary Policy Committee is just ideal as it matches...
Source: indiatimes.com