Indian central bank targets stronger rate transmission
Reserve Bank of India looks to strengthen the credit channel of monetary policy
Improving the monetary policy transmission mechanism in India is a key priority for the Reserve Bank of India (RBI) in the coming year, it stressed in its latest annual report, published today (August 28).
As the RBI transitions to an inflation-targeting framework, it is keen to strengthen the influence of its repo rate on the price at which banks to lend to each other and to customers.
Some progress is already evident. Since the RBI overhauled its liquidity management framework last year, the
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