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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

“May See Interest Rates Cut Post 2014”

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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. 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.”