RBI could see interest rate powers diluted by MPC proposals
Indian government publishes draft law that would overhaul monetary policy framework
The Reserve Bank of India (RBI) could see its control over interest rates diluted under the latest proposals for a monetary policy committee (MPC) at the central bank, which call for a majority of external members.
The policy framework at the RBI is changing. In February it agreed an inflation target with the government and a more formal arrangement for setting policy seems inevitable.
Exactly how the MPC will look is still up for debate. The ministry of finance published a draft ‘Indian
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com