Inflation Control Date Target Policy Instrument Monetary aggregates Overnight Target Total Core Rate Overnight M1+ M1+ + M2+ + Rates CPI CPI Target(End rate (gross) (gross) (gross) of month 21- Jan 1-3 1 0.25 0.1826 7.8 7.2R 6.5 20- Dec 1-3 0.7 0.25 0.1741 9.8R 8.2R 6.8R 20- Nov 1-3 1 0.25 0.2336 13 10.6R 7.4 20- Oct 1-3 0.7 0.25 0.2337 17 3R 14.6 8.7 20- Sep 1-3 0.5 0.25 0.2181 20.6 17.5 10 20- Aug 1-3 0.1 0.25 0.2337 24R 20.2R 11 1R 20 Jul 1-3 0.1 0.25 0.2407 25.4R 21.7R 11 7R 20 Jun 1-3 0.7 0.25 0.2327 27.1R 23.2R 12 3R 20- May 1-3 -0.4 0.25 0.2379 28.1R 23.9 12.5 20- Apr 1-3 -0.2 0.25 0.2341 29.4R 25.6R 12.8 20- Mar 1-3 0.9 0.25 0.7406 30.1R 26.3 13 2R 20- Feb 1-3 2.2 1.75 1.7485 28.9 25.6R 13.2R 20- Jan 1-3 2.4 1.8 1.75 1.7487 30.4 26.5 13.5 R: Revised (I don't know how to calculate) to make the R without the number