Is the Reserve Bank doing enough to rein in inflation?

India’s inflation, which is measured by the Consumer Price Index (CPI), has stayed above the Reserve Bank of India (RBI)’s upper tolerance limit of 6% for three months running. The central bank’s monetary policy committee decided to hold benchmark interest rates earlier this month, choosing to remain accommodative “while focussing on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth”. Western economies such as the U.S. have begun raising interest rates. Here we discuss whether the RBI is doing enough to arrest inflation? and Guests: Ananth Narayan, Associate Professor and Head of Public Policy, SPJIMR; Lekha S. Chakraborty, Professor at NIPFP and Member, Governing Board of Management, International Institute of Public Finance, Munich Host: K. Bharat Kumar Read the parley article here