Question

Propose recommendations to the to the MPC to keep the CPI within the target range?

Answer 1

The basic objective of MPC is to set up the benchmarks according to which all policies would work and be controlled.

Hence this should take place in a very careful manner after analyzing few important factors.

MPC should work hand-in-hand with the CPI in order to ensure that there is economic welfare for all and the first thing by which they should govern is by controlling the over excessive inflation rates.

This will put everything in order and ultimately leads to social peace and well being. Prices should not be increased in an unjust manner and every action should be properly grounded and logically proven and supported well by CPI as well as MPC before being put to order.