India’s inflation model offers lessons for Sri Lanka: Former RBI official

India’s inflation model offers lessons for Sri Lanka: Former RBI official

ECONOMYNEXT – Flexible inflation targeting restored policy credibility in India by providing a clear nominal anchor, while strong household savings continue to insulate the economy from global financial shocks, former Reserve Bank of India (RBI) Deputy Governor Michael Patra said. Speaking on the Central Bank of Sri Lanka’s ‘Open Mic’ program on the sidelines of the bank’s 75th anniversary, Patra said India transitioned to flexible inflation tar…