“May See Interest Rates Cut Post 2014”
  • Prabha Hedge
  • Jan 22 2014

January 22: An RBI panel has recommended that monetary policy be set by a Committee and that consumer price index (CPI) inflation be used as the nominal anchor for policy making. The panel recommends bringing CPI inflation down to 4% in three years. Samiran Chakraborty, MD & Regional HoR, South Asia Global Research, Standard Chartered Bank, says, “The central bank is moving away from rule-based to discretion-based policy.”