General Studies III
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6 min read
To The Point: Monetary Policy Committee and Flexible Inflation Targeting
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Faculty Editorial Board
17 Sep 2026, 12:22 AM
Source:
RBI Bulletin
Table of Contents
Concise revision notes on MPC composition, CPI target band (4% +/- 2%), repo rate transmission, and liquidity management tools.
Statutory Basis & Composition
Formed under Section 45ZB of the amended RBI Act 1934; 6 members (3 from RBI including Governor with casting vote, and 3 external experts appointed by the Central Government).
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