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Monetary policy faces severe information constraints: RBI DG Patra

The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra

Michael Patra, Deputy Governor, RBI
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Michael Patra, Deputy Governor, RBI

Bhaskar Dutta Mumbai
The conduct of monetary policy in India faces hurdles stemming from information constraints and the manner in which data is covered in the country, Reserve Bank of India (RBI) Deputy Governor Michael Patra said on Thursday.

“A vast literature exists that seeks to explain the end-product... that is the monetary policy decision. I’m going to take a step back and explore the manner in which committee members think and deliberate in order to come to that judgement,” Patra said at the State Bank of India Banking and Economic Conclave.

“There are severe information constraints that the monetary policy faces —

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First Published: Nov 24 2022 | 7:12 PM IST

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