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RBI GOVERNOR - Sufficient Flexibility To Move Policy Rate In Either Direction RBI GOVERNOR - Shift In Stance To Help Ensure That Inflation Brought Closer To 4% Aim

“Interest Rate Cut In 2014 Looks Difficult”

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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. Speaking to Bloomberg TV India about the same, Ashvin Parekh, Senior Expert Advisor, Ernst and Young, says, “Now the government will also play an important role in determining policy.”