Did the Arbii Really Fail?

In 20 16, the a b i act was amended to make ar b i an explicitly inflation targeting bank. The second part of this act was that there may be failure on the r b i's part to meet the inflation target. There were was more than nine months, more than a year long period when inflation was actually higher than six %. Yet the arbi has played kind of fast and with its interest rates, according to the government at hand. Now te whether it's the famous baby steps that we took just after the ina recession of two thousand eight, which led ultimately to that extremely high inflation rate in two 20 13, 20 12, 20 13, red.