Inflation management cannot be singularly left to the monetary policy, which has proved totally ineffective in many countries, Finance Minister Nirmala Sitharaman said at a seminar organised by economic think-tank Icrier.

FM Nirmala Sitharaman's word of caution for RBI? What she said on central bank's handling of inflation - READ

There are economies where policy is designed in such a way that the monetary policy and the interest rate management is the one and the only tool to handle inflation, Sitharaman said. Pic: Reuters

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