Skip to main content

New monetary framework a positive, but doesn’t alter big picture

Although the new monetary policy framework agreed upon by the Reserve Bank of India (RBI) and the government is a positive step, it is also largely symbolic. The framework is unlikely to have much impact on policymaking, given that the new inflation targets simply formalise existing unofficial targets, and that the RBI has already restored its credibility over recent months.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access