MPC internal members must think independently of RBI: Ashima Goyal | Finance Interviews

Ashima Goyal, former external member of the Monetary Policy Committee (MPC) and visiting professor at the Indira Gandhi Institute of Development Research (IGIDR), says the inflation-targeting band gives the MPC the flexibility to look through temporary food inflation. In an email interview with Anjali Kumar, she says, however, a problem can arise if there is too much focus on achieving and maintaining the centre-point target. Excerpts: