Page 35 - Monetary Policy Committee

5-year inflation target to be notified soon

Target likely to remain four per cent, with a band of plus or minus two percentage points

RBI board talks constitution of monetary policy panel

The Board discussed two specific areas of operations, namely, the Reserve Bank's budget and constitution of Monetary Policy Committee

After many twists and turns, Monetary Policy Committee to be in place soon

The MPC is expected to be in place before the next monetary policy review by the RBI in August

New panel may set interest rate in next monetary policy

An agreement for a monetary policy framework was signed between RBI and finance ministry in January last year

Monetary committee rules to be notified in few weeks: Shaktikanta Das

Each member will have one vote and in case of a tie, the Governor shall have a casting vote

RBI governor 'very happy' with composition of 6-member MPC

Out of the 6 members, 3 will be nominated by government while 3 others will be from RBI, including the governor