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Inflation target News

30 Oct 2022

RBI will submit report to Govt on failure to keep inflation below 6 per cent

RBI will submit failure report to Govt first time since the implementation of law. RBI needs to submit if it fails to keep the inflation below six per cent for 3 consecutive quarters. The RBI has been aggressively raising the key interest rate since May in a bid to contain inflation.

16 Nov 2016

'RBI may cut rate by 0.25% as inflation target within reach'

The Monetary Policy Committee headed by RBI Governor Urjit Patel last month cut benchmark interest rates by 0.25 percent to 6.25 percent.

Federal Reserve

21 Aug 2016

Fed close to hitting job and inflation targets: Stanley Fischer

The Federal Reserve is close to hitting its targets for full employment and 2 percent inflation, the Fed`s No. 2 policymaker said on Sunday in comments that did not address when the U.S. central bank should next raise interest rates.

12 Aug 2016

Not much shift in RBI policy ahead, 0.25% cut likely: Report

With the government setting inflation target at 4 percent, the Reserve Bank is unlikely to make much shift in its stance going forward and may go for a 25 bps cut in the second half of the fiscal.

27 Jul 2016

Subbarao questions inflation-targeting, doubts its efficacy

Former Reserve Bank governor Duvvuri Subbarao has doubted achieving the 4 percent inflation target set under the new MPC set-up given the narrow margin the new price index has now and the way prices have been moving up in recent months.

02 Jun 2016

Ready to act using all instruments available: ECB President Mario Draghi

In the latest, ECB has left the interest rates at record low. ECB President Mario Draghi expected inflation to pick up in second half of 2016.

27 Aug 2015

RBI to focus on bringing inflation down to 4% target

The RBI has projected consumer inflation will hit 6 percent by January 2016 before gradually easing to 4 percent two years later.

inflation target

02 Mar 2015

India sets inflation target in monetary policy overhaul

India has formally adopted inflation targeting, a historic monetary policy overhaul that marks a victory for Reserve Bank of India Governor Raguram Rajan, as the government makes subduing chronically volatile prices a priority.

02 Mar 2015

Monetary policy to now target inflation, to be 6% by Jan 2016

"The Reserve Bank will aim to bring inflation below 6 per cent by January 2016. The target of financial year 2016-17 and all subsequent years shall be four per cent with a band of (+/-) 2 per cent," the agreement said.

15 Feb 2015

StanChart lowers FY16 inflation target; expects 75bps rate cut

Of the total, 50 basis points cut is expected within a couple of months, said the Standard Chartered report.

12 Dec 2014

RBI, government to discuss timeline for 2-6% inflation target

"Going forward, we will discuss an appropriate timeline with the government in which the economy should move to the centre of the medium term inflation band of 2-6," Rajan said in a lecture at an industry event.

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