Governor Shaktikanta Das sets broader financial stability as the central bank's immediate policy-making priority

He said that the focus on price stability as the sole objective of monetary policy has been questioned after the global financial crisis, underscoring the need for adopting a flexible inflation target to achieve macro-financial stability. “In this milieu, financial stability has emerged as another key consideration for monetary policy."

from Banking/Finance-Industry-Economic Times https://ift.tt/2sVpS8T