The mystery of the decline in food inflation

Like the night sky, our stars continue to move. To respond to an evolving macroeconomic environment and define monetary policy appropriately, we are closely following the evolution of the underlying state of the economy.

Regularly explaining our vision of stars helps financial market participants and others to better understand our badytical framework and our policy decisions. "These words from a deputy governor of the Reserve Bank of New Zealand summarize the two most important unobservable factors influencing monetary policy in India: first, the surprising behavior of food inflation .. .