Since average inflation targeting is the flavour of the season: Average CPI inflation over four-year tenure of the first MPC was 4.18 percent. It was 7.09 percent in the 48 months before that. The entire decline cannot/should not be explained by monetary policy alone, but yet ...
— Niranjan Rajadhyaksha (@CafeEconomics) October 12, 2020
via Twitter https://twitter.com/CafeEconomics
October 12, 2020 at 09:05AM
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