The pandemic hits monetary policy in India
Herrala, Risto (01.12.2020)
Julkaisija
Bank of Finland
2020
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-202012012516Tiivistelmä
It has been a year since the inflation rate in India exceeded the target range of 2–6 percent and started to hover between 6–8 percent (Chart 1). The survey evidence signals that households expect inflation to continue well above the target. Concerning? Perhaps. But we should be mindful that a pandemic creates a truly exceptional set of circumstances for monetary policy authorities in every country.
Julkaisuhuomautus
The accessible version https://www.bofbulletin.fi/en/blogs/2020/the-pandemic-hits-monetary-policy-in-india/