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On consumer price index (CPI) inflation staying outside the mandated 2-6 per cent target for some months, Mr. Subbarao said he does not see that as a failure on the part of the MPC.
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argeting framework is up for review next year and I hope the ‘flexible’ inflation targeting framework will be allowed further flexibility to deal with unusual economic situations,’ he observed. <span>On consumer price index (CPI) inflation staying outside the mandated 2-6 per cent target for some months, Mr. Subbarao said he does not see that as a failure on the part of the MPC. “We are in a very unusual economic situation, hit simultaneously by a demand slump and supply disruptions,” he said adding that and there is a great deal of uncertainty from outside the


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