RBI and transparency in policies
Description
The Reserve Bank of India recently constituted an expert committee to examine the current monetary policy framework and to recommend measures to revive and strengthen it, making it transparent and predictable. The terms of reference include. recommending a nominal anchor for monetary policy. In fact, earlier Raghuram Rajan in his famous report, A 100 Small Steps had observed that a more predictable and transparent policy framework can generate more room for policy makers to respond to large shocks. Still earlier, in September 2000, the RBI Advisory Committee on transparency in monetary policy, and had also recommended assigning a single objective to the RBI, giving it unfettered instrument freedom and holding it accountable for attaining assigned objective. Read more at: https://www.deccanherald.com/content/365622/rbi-transparency-policies.html
Copyright Date
October 2013
Publication Date
28-10-2013
Publication Title
Deccan Herald, Bangalore
Publisher
The Printers Mysore Private Limited
Keywords
Economics, Financial system, Monetary policy, RBI
Source Link URL
https://www.deccanherald.com/content/365622/rbi-transparency-policies.html
