{"id":31093,"date":"2018-10-27T12:07:33","date_gmt":"2018-10-27T06:37:33","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=31093"},"modified":"2018-10-27T12:07:33","modified_gmt":"2018-10-27T06:37:33","slug":"rbi-inflation-could-spur-shift-in-stance","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rbi-inflation-could-spur-shift-in-stance\/","title":{"rendered":"RBI: inflation could spur shift in stance"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/rbi-inflation-could-spur-shift-in-stance\/article22818798.ece\"><b>RBI: inflation could spur shift in stance<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">RBI Governor Urjit Patel observed that consumer price inflation was the main yardstick to determine policy rates<\/span><b>.<\/b><\/li>\n<\/ul>\n<p><b>Why in news?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Monetary Policy Committee of the Reserve Bank of India (RBI) could shift from its current \u2018neutral\u2019 policy stance to a \u2018withdrawal of accommodation\u2019 stance if headline inflation projection for the year ahead remained well above the target.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">RBI has a mandate with keep retail inflation between 2% and 6%, decided at its sixth bimonthly policy review to keep interest rates unchanged, while maintaining a neutral stance.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">RBI Governor Urjit Patel observed that consumer price inflation \u2014 the main yardstick to determine policy rates \u2014 had accelerated for a six consecutive month in December.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> \u00a0<\/span><span style=\"font-weight: 400;\">Inflation was getting generalised with rising input prices.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>RBI: inflation could spur shift in stance Context: RBI Governor Urjit Patel observed that consumer price inflation was the main yardstick to determine policy rates. Why in news? The Monetary Policy Committee of the Reserve Bank of India (RBI) could shift from its current \u2018neutral\u2019 policy stance to a \u2018withdrawal of accommodation\u2019 stance if headline&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rbi-inflation-could-spur-shift-in-stance\/\">Continue reading <span class=\"screen-reader-text\">RBI: inflation could spur shift in stance<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-31093","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=31093"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31093\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=31093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=31093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=31093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}