RBI's Reddy on central bank communications

In the speech 'Central bank communications: Some random thoughts' given on 23 January YV Reddy of the Reserve Bank of India said increased responsibility of maintaining financial stability and adopting inflation targeting has resulted in India adopting a participative and transparent monetary policy formulation.

At a regional seminar on central bank communications organised by the IMF, Reddy said, "Increased independence of central banks warranting publicly accountable conduct, adoption of

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