Urjit Patel quote

Yes, 4% is the government-mandated target to the MPC. The plus/minus 2 percentage-point upper and lower bands are the tolerance levels specified by the government. If we breach those for three consecutive quarters, we need to inform the government of why that happened and what we propose to do to bring inflation within the two bands.
Urjit Patel
Urjit Patel
Urjit Patel

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Government, Inflation, Three, Tolerance, Those, Propose, Within, Quarters, Yes, Target, Bands, Upper, Breach, Happened, Inform, Lower, Why, Bring, Levels, Consecutive, Two, Need

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