Question

The RBI is required to publish a Monetary Policy Report at least how often under the amended Act?

Q: Answer-The RBI is required to publish a Monetary Policy Report at least how often under the amended Act?

Under Section 45ZM of the Reserve Bank of India Act, the Reserve Bank is required to publish a Monetary Policy Report once in every six months explaining the sources of inflation and the forecasts of inflation. This report enhances transparency and accountability of the monetary policy process. It communicates the rationale of policy decisions to the public and markets. The requirement is part of the inflation-targeting framework introduced in 2016.