Prime Time Zone, WebdeskThe government on Wednesday directed the Reserve Bank of India (RBI) to maintain the status quo on inflation. The government and the RBI have agreed to maintain the inflation target of 2-6 per cent for the next five years, Finance Secretary Tarun Bajaj said. At present, the RBI aims to limit retail inflation to 4 (+/- 2 per cent).
However, inflation above 6 per cent was recorded several times last year. “According to the RBI Act-1934, the inflation target from April 1, 2021 to March 20, 2026 will remain the same as in the previous five years,” he said.
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