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Inflation Target Band Appropriate For Next Five Years: RBI Report

RBI: Globally, inflation targeting EMEs have lowered inflation targets and narrowed tolerance bands.
RBI: Globally, inflation targeting EMEs have lowered inflation targets and narrowed tolerance bands.
The central bank's medium-term inflation target of 4 per cent with a tolerance band of 2 per cent is appropriate for the next five years under its flexible inflation targeting (FIT) mandate, said a Reserve Bank of India (RBI) report on Friday.
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