While you sleep, your money loses value when the inflation rate rises each month. An army of experts is working around the clock to tackle the problem for you.
Since 2016, the Reserve Bank of India has made inflation-targeting a goal for the monetary policy. The consumer price inflation rate, or CPI, directly affecting your money, plays a central role in that effort. The monetary policy committee set up by the RBI keeps a tab on the minor bits of information that can give a direction to the inflation outlook.
The committee usually meets once every two months. The next regular monetary policy meeting is due in December 2022. However, the RBI has announced a special meeting in the first week of November 2022. These are challenging times. The committee has a job to do and would do whatever it takes to keep the financial system stable.
How can you track inflation
Bu hikaye The Morning Standard dergisinin October 31, 2022 sayısından alınmıştır.
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Bu hikaye The Morning Standard dergisinin October 31, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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