Chetan Ghate Suggests Full-Time Appointments for MPC External Members

Business Standard · business

MPC external member Chetan Ghate has advocated for the appointment of external members on a full-time basis. Ghate believes that flexible inflation targeting has successfully established a credible nominal anchor for the economy. He also emphasized the continued importance of strong coordination between monetary and fiscal policies. This coordination is crucial for effectively managing inflation and ensuring economic stability. The suggestion aims to potentially enhance the effectiveness and consistency of the MPC's policy decisions.