Country’s Inflation Target Band Of 2%-6% Up For Review, Says Finance Minister Nirmala Sitharaman

2021-02-18 11:59:51

Inflation Target Band Of 2%-6% Up For Review: Finance Minister

The country’s inflation target band of 2 per cent-6 per cent is up for review as the current framework under which the country’s interest rate is set is completing its five-year term, Finance Minister Nirmala Sitharaman said on Thursday.

The band, on the basis of which monetary policy is decided by a six-member committee headed by the central bank governor, was established in 2016.


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