BI directs monetary policy consistently to maintain inflation at 2.51 percent and to preserve the stability of the rupiah exchange rate.

Reserve Bank Governor Sanjay Malhotra said that the recent reduction in the repo rate by 25 basis points to 6.25% is a timely and appropriate response, driven by inflation moving closer to the RBI's 4 ...

It takes time for the Official Cash Rate to influence the economy and inflation. Therefore, we base our monetary policy decisions on a forecast of ...