INFLATION TARGETING. #Inflation The announcement of an of | UPSC Economy
INFLATION TARGETING.
#Inflation
The announcement of an official target range for inflation is known as inflation targeting.
It is done by the Central Bank in an economy as a part of their monetary policy to realise the objective of a stable rate of inflation.
India commenced inflation targeting ‘formally’ in February 2015 when an agreement between the GoI and the RBI was signed related to it the Agreement on Monetary Policy Framework.
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