NEURIX · AT THIS MOMENTThis idea is asked in Prelims PYQs. Try one?Which body sets India's inflation target?
Ask this moment
“Why 6%?” — The RBI's target is 4%, with a band of 2% either side. Above 6% for three quarters in a row, the RBI must write to the government explaining why.Saved to Study notesSource: RBI Act, sec. 45ZA + 45ZN
Auto-notes on · 3 notes dropped into Study at 02:10, 07:42, 12:40.
Chapters
00:00Cold open — your grocery bill
02:10What the target actually is
07:42Three quarters rule
12:40Why RBI writes to the government
Quick recallThe inflation target is missed when CPI stays above ___ for ___ consecutive quarters.