Financial stability taken care of under flexible inflation targeting regime: RBI research

Financial stability is an implicit goal of the central bank, which uses the benefits of interaction between the monetary and macroprudential policies conducted under one roof. The present flexible inflation targeting (FIT) regime in India envisages policy action to ensure price stability, ‘while being mindful of the growth objective’.

from Economy-News-Economic Times https://ift.tt/3jgfcsc