View: Why revamping the MPC framework should be at the top of the pile for policymakers

View: Why revamping the MPC framework should be at the top of the pile for policymakers

Monetary policy should be coordinated with political economy objectives of the day, changing dynamically, rather than being frozen in time by a law. Inflation targeting hasn’t really served India’s purpose. It’s time to change our views on its potential use.

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