Abandoning RBI's inflation target regime could be risky, counterproductive: Research paper

Economists Barry Eichengreen and Poonam Gupta have highlighted the effectiveness of the Reserve Bank of India's (RBI) inflation targeting framework. They advised against switching to a discretionary regime and suggested reducing food-price inflation's weight in the CPI basket. The framework has contributed to lower, less volatile inflation and better-anchored expectations.
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