The RBI’s policy paper has revived debate on inflation targeting. Experts say the framework works—but transparency needs closer attention
If inflation stays beyond the 2–6% band for three quarters, the RBI must send a report to the government explaining causes and corrective steps
After inflation stayed high in 2022, the RBI filed such a report—but never released it. Legally valid, perhaps, but not in the spirit of openness
The RBI already publishes MPC votes, minutes, and policy reports. Keeping a failure report secret undermines that culture of transparency
Making the report public would build trust, promote informed debate, and help markets understand the RBI’s plan to restore price stability
If immediate release risks market swings, it can be delayed. But withholding it entirely weakens accountability and policy credibility