RBI to be free to use policy instruments: Subramanian

The RBI will have freedom to use its instruments for monetary transmission, Subramanian told reporters after the central bank and the government struck a pact to shift to a policy framework based on targeting consumer price inflation.

March 02, 2015 / 17:46 IST

The Reserve Bank of India will be free to use the instruments at its disposal to steer monetary policy under a new inflation targeting regime agreed with the finance ministry, the ministry's economic adviser Arvind Subramanian said on Monday.

The RBI will have freedom to use its instruments for monetary transmission, Subramanian told reporters after the central bank and the government struck a pact to shift to a policy framework based on targeting consumer price inflation.

first published: Mar 2, 2015 05:46 pm

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