India's inflation target band up for review: Finance minister Sitharaman

India's inflation target band of 2%-6% is up for review as the five-year term for the current monetary policy framework draws to a close, Finance Minister Nirmala Sitharaman said on Thursday. The band, on the basis of which monetary policy is decided by a six-member committee headed by the central bank governor, was established in 2016. "Monetary policy committee's term is coming to an end.

Inflation targeting will also have to be reviewed. We shall do that," Sitharaman said. Since coming to power in 2014,.

This article is no longer available in our repository.

There could be multiple reasons for this.