{"id":1668,"date":"2025-10-03T19:10:21","date_gmt":"2025-10-03T13:40:21","guid":{"rendered":"https:\/\/readingroomz.com\/?p=1668"},"modified":"2025-10-03T19:10:22","modified_gmt":"2025-10-03T13:40:22","slug":"monetary-policy-committee","status":"publish","type":"post","link":"https:\/\/readingroomz.com\/te\/monetary-policy-committee\/","title":{"rendered":"Monetary Policy Committee"},"content":{"rendered":"<h1 class=\"wp-block-heading has-text-align-center\" id=\"monetary-policy-committee\">Monetary Policy Committee<\/h1>\n\n\n\n<div class=\"wp-block-rank-math-toc-block has-text-color has-link-color wp-elements-c78dfef392c5bc928478cb81a43f5b6e\" style=\"color:#0045d5\" id=\"rank-math-toc\"><h2>\u0c35\u0c3f\u0c37\u0c2f \u0c38\u0c42\u0c1a\u0c3f\u0c15<\/h2><nav><ul><li><a href=\"#monetary-policy-committee\">Monetary Policy Committee<\/a><ul><li><a href=\"#why-mpc-was-formed-background\">Why Monetary Policy Committee was formed?<\/a><\/li><li><a href=\"#what-is-the-monetary-policy-committee\">What is the Monetary Policy Committee?<\/a><ul><li><a href=\"#objective\">\u0c32\u0c15\u0c4d\u0c37\u0c4d\u0c2f\u0c02<\/a><\/li><\/ul><\/li><li><a href=\"#\ud83e\uddcd-composition-tenure\">Composition &amp; Tenure<\/a><\/li><li><a href=\"#\ud83d\udcc6-meetings-decision-process\">Meetings &amp; Decision Process<\/a><\/li><li><a href=\"#\ud83d\udee0\ufe0f-tools-instruments-used-by-mpc\">Tools &amp; Instruments Used by MPC<\/a><\/li><li><a href=\"#\ud83d\udcc8-inflation-targeting-framework-policy-stance\">Inflation Targeting Framework &amp; Policy Stance<\/a><\/li><li><a href=\"#\u2705-functions-significance\">Functions &amp; Significance<\/a><\/li><li><a href=\"#\u26a0\ufe0f-challenges-criticisms\">Challenges &amp; Criticisms<\/a><\/li><li><a href=\"#\ud83e\udde0-exam-pointers-quick-revision\">Exam Pointers (Quick Revision)<\/a><\/li><li><a href=\"#\u2753-fa-qs-on-mpc\">FAQs on Monetary Policy Committee<\/a><ul><li><a href=\"#faq-question-1759497275206\">Why was MPC created?<\/a><\/li><li><a href=\"#faq-question-1759497303249\">Who decides the inflation target for MPC?<\/a><\/li><li><a href=\"#faq-question-1759497337409\">What happens in case of a tie in MPC voting?<\/a><\/li><li><a href=\"#faq-question-1759497356185\">Can external members of MPC be reappointed?<\/a><\/li><li><a href=\"#faq-question-1759497378078\">Is MPC\u2019s decision binding on RBI?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The\u00a0<strong>Monetary Policy Committee (MPC)<\/strong>\u00a0was established under the amended <a href=\"https:\/\/www.rbi.org.in\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">RBI<\/a> Act in 2016 to decide interest rates and maintain price stability. This article explains its composition, objectives, tools, decision process, and notable challenges \u2014 tailored for competitive exam aspirants.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/Monetary-Policy-Committee-1024x683.webp\" alt=\"Monetary Policy Committee\" class=\"wp-image-1673\" srcset=\"https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/Monetary-Policy-Committee-1024x683.webp 1024w, https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/Monetary-Policy-Committee-400x267.webp 400w, https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/Monetary-Policy-Committee-768x512.webp 768w, https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/Monetary-Policy-Committee-600x400.webp 600w, https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/Monetary-Policy-Committee.webp 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"why-mpc-was-formed-background\">Why Monetary Policy Committee was formed?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Before MPC, the\u00a0<strong>RBI Governor alone<\/strong>\u00a0used to make decisions on interest rates, advised by a\u00a0<strong>Technical Advisory Committee (TAC)<\/strong>.<\/li>\n\n\n\n<li>There were concerns about lack of\u00a0<strong>transparency, accountability, and predictability<\/strong>\u00a0in rate decisions.<\/li>\n\n\n\n<li>To institutionalize rate decisions, the\u00a0<strong>Finance Act, 2016<\/strong>\u00a0amended the\u00a0<strong>RBI Act, 1934<\/strong>\u00a0to include\u00a0<strong>Section 45ZB, 45ZC<\/strong>, etc.<\/li>\n\n\n\n<li>MPC formally came into existence in\u00a0<strong>September 2016<\/strong>. <\/li>\n\n\n\n<li>The framework introduced\u00a0<strong>inflation targeting (flexible inflation targeting)<\/strong>\u00a0with a clear target band (4% \u00b1 2%) as mandated by the Central Government in consultation with RBI. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-the-monetary-policy-committee\">What is the Monetary Policy Committee?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The\u00a0<strong>Monetary Policy Committee (MPC)<\/strong>\u00a0is a\u00a0<strong>six-member committee<\/strong>\u00a0created under the RBI Act to make decisions on India\u2019s benchmark interest rates (such as the repo rate) and manage inflation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"objective\">\u0c32\u0c15\u0c4d\u0c37\u0c4d\u0c2f\u0c02<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Price stability<\/strong>\u00a0is the primary goal (i.e. controlling inflation).<\/li>\n\n\n\n<li>But MPC must also\u00a0<strong>support economic growth<\/strong>, so it has a\u00a0<strong>dual mandate<\/strong>: balancing inflation and growth.<\/li>\n\n\n\n<li>The official inflation target is\u00a0<strong>4% CPI<\/strong>, with a tolerance band of\u00a0<strong>\u00b12%<\/strong>\u00a0(i.e. between\u00a0<strong>2% and 6%<\/strong>).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\ud83e\uddcd-composition-tenure\">Composition &amp; Tenure<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u0c1f\u0c48\u0c2a\u0c4d<\/th><th>Members<\/th><th>\u0c21\u0c40\u0c1f\u0c48\u0c32\u0c4d\u0c38\u0c4d<\/th><\/tr><\/thead><tbody><tr><td>Ex officio (RBI)<\/td><td>3<\/td><td>\u2022 Governor (Chair) \u2022 Deputy Governor in charge of monetary policy \u2022 One officer of RBI nominated by its Central Board <\/td><\/tr><tr><td>Government-nominated \/ External<\/td><td>3<\/td><td>Appointed by the central government, on the recommendation of a selection committee. <\/td><\/tr><tr><td>Tenure<\/td><td>4 years or until further orders<\/td><td>Government-nominated members can\u2019t be reappointed.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Each member has\u00a0one vote. Decisions are taken by\u00a0majority rule. <\/li>\n\n\n\n<li>If there is a\u00a0tie, the\u00a0Governor of RBI\u00a0has the\u00a0casting (tie-breaker) vote. <\/li>\n\n\n\n<li>There is a\u00a0quorum requirement\u00a0(minimum number of members present) for meetings \u2014 typically\u00a0four members\u00a0must be present, including at least one of the ex officio, like the Governor or Deputy Governor.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\ud83d\udcc6-meetings-decision-process\">Meetings &amp; Decision Process<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>MPC meets\u00a0six times a year\u00a0(once every two months). Some sources say\u00a0at least four\u00a0times, but standard is bi-monthly.<\/li>\n\n\n\n<li>Before the meeting, the\u00a0RBI staff and departments\u00a0prepare background papers, macroeconomic projections, inflation forecasts, and scenario analyses.<\/li>\n\n\n\n<li>During meetings, members discuss\u00a0current economic data\u00a0(inflation trend, growth forecasts, global indices), and then vote on\u00a0repo rate, reverse repo, stance of policy.<\/li>\n\n\n\n<li>After the meeting, RBI releases a\u00a0Monetary Policy Statement \/ Resolution\u00a0giving rationale, voting pattern, and projections.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\ud83d\udee0\ufe0f-tools-instruments-used-by-mpc\">Tools &amp; Instruments Used by MPC<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Though MPC directly decides on&nbsp;<strong>policy rates<\/strong>, it influences the economy via various tools. Key ones include:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u0c2a\u0c30\u0c3f\u0c15\u0c30\u0c02<\/th><th>Purpose \/ Use<\/th><\/tr><\/thead><tbody><tr><td><strong>Repo Rate<\/strong><\/td><td>Rate at which RBI lends to banks \u2014 lowering it makes credit cheaper.<\/td><\/tr><tr><td><strong>Reverse Repo Rate<\/strong><\/td><td>Rate banks get when depositing surplus funds with RBI.<\/td><\/tr><tr><td><strong>Cash Reserve Ratio (CRR)<\/strong><\/td><td>Percentage of deposits banks must keep as reserves with RBI.<\/td><\/tr><tr><td><strong>Statutory Liquidity Ratio (SLR)<\/strong><\/td><td>Banks must maintain a certain proportion of liquid assets (government securities, gold).<\/td><\/tr><tr><td><strong>Open Market Operations (OMOs)<\/strong><\/td><td>Buying\/selling government securities to inject or absorb liquidity.<\/td><\/tr><tr><td><strong>Marginal Standing Facility (MSF)<\/strong><\/td><td>Lending facility to banks on overnight basis above repo rate.<\/td><\/tr><tr><td><strong>Liquidity Adjustment Facility (LAF)<\/strong><\/td><td>Repo\/Reverse repo operations to manage short-term liquidity.<\/td><\/tr><tr><td><strong>Standing Deposit Facility \/ Standing Deposit Rate<\/strong><\/td><td>Newer tool in liquidity management.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">These tools help MPC\u00a0<strong>transmit its rate signals<\/strong>\u00a0into the banking and credit system.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\ud83d\udcc8-inflation-targeting-framework-policy-stance\">Inflation Targeting Framework &amp; Policy Stance<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The\u00a0flexible inflation targeting (FIT)\u00a0framework mandates MPC to keep inflation close to 4%, within the band of 2\u20136%.<\/li>\n\n\n\n<li>The\u00a0central government, in consultation with RBI, notifies the inflation target periodically (every 5 years).<\/li>\n\n\n\n<li>MPC\u2019s decisions include not only rate changes, but also the\u00a0stance\u00a0of policy \u2014 e.g.\u00a0accommodative, neutral, or hawkish.\n<ul class=\"wp-block-list\">\n<li><em>Accommodative<\/em>\u00a0stance: encouraging growth, lower interest rates<\/li>\n\n\n\n<li><em>Neutral<\/em>\u00a0stance: cautious balance<\/li>\n\n\n\n<li><em>Hawkish \/ contractionary<\/em>\u00a0stance: tightening to curb inflation<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\u2705-functions-significance\">Functions &amp; Significance<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Setting benchmark rates\u00a0\u2014 primarily the\u00a0repo rate<\/li>\n\n\n\n<li>Controlling inflation\u00a0\u2014 maintaining price stability<\/li>\n\n\n\n<li>Signalling to markets\u00a0\u2014 giving clear forward guidance to investors, banks, borrowers<\/li>\n\n\n\n<li>Ensuring credibility and accountability\u00a0\u2014 decisions are collective, transparent<\/li>\n\n\n\n<li>Balancing growth and inflation\u00a0\u2014 not overly tight to choke growth, nor loose to allow inflation runaway<\/li>\n\n\n\n<li>Macro-stability\u00a0\u2014 supporting financial stability and exchange rate behavior<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\u26a0\ufe0f-challenges-criticisms\">Challenges &amp; Criticisms<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Lag effect<\/strong>\u00a0\u2014 monetary decisions impact with time lags; may not match immediate shock.<\/li>\n\n\n\n<li><strong>Data dependency<\/strong>\u00a0\u2014 quality and timeliness of data matter a lot; wrong data \u2192 wrong decision.<\/li>\n\n\n\n<li><strong>Coordination with fiscal policy<\/strong>\u00a0\u2014 monetary cannot succeed alone if government pours in large deficits.<\/li>\n\n\n\n<li><strong>Limited control over supply-side inflation<\/strong>\u00a0\u2014 prices due to supply shocks (e.g. food, fuel) may not be tamed by rate cuts.<\/li>\n\n\n\n<li><strong>Uneven transmission<\/strong>\u00a0\u2014 rate cuts may not reach rural or small borrowers strongly.<\/li>\n\n\n\n<li><strong>Bounded mandate<\/strong>\u00a0\u2014 growth vs stability trade-off, sometimes difficult choices.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\ud83e\udde0-exam-pointers-quick-revision\">Exam Pointers (Quick Revision)<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Established:<\/strong>\u00a02016 (via amendment to RBI Act)<\/li>\n\n\n\n<li><strong>\u0c38\u0c2d\u0c4d\u0c2f\u0c41\u0c32\u0c41:<\/strong>\u00a06 (3 ex officio from RBI, 3 external)<\/li>\n\n\n\n<li><strong>Tenure of external members:<\/strong>\u00a04 years, non-renewable<\/li>\n\n\n\n<li><strong>Voting:<\/strong>\u00a0one vote each; Governor has casting vote in tie<\/li>\n\n\n\n<li><strong>Meetings:<\/strong>\u00a06 per year (bi-monthly)<\/li>\n\n\n\n<li><strong>\u0c26\u0c4d\u0c30\u0c35\u0c4d\u0c2f\u0c4b\u0c32\u0c4d\u0c2c\u0c23 \u0c32\u0c15\u0c4d\u0c37\u0c4d\u0c2f\u0c02:<\/strong>\u00a04% CPI \u00b1 2%<\/li>\n\n\n\n<li><strong>Key tool:<\/strong>\u00a0Repo rate (plus others)<\/li>\n\n\n\n<li><strong>\u0c35\u0c3f\u0c27\u0c41\u0c32\u0c41:<\/strong>\u00a0inflation control, growth support, credibility &amp; transparency<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/readingroomz.com\/te\/current-affairs\/\">\u0c21\u0c48\u0c32\u0c40 \u0c15\u0c30\u0c46\u0c02\u0c1f\u0c4d \u0c05\u0c2b\u0c48\u0c30\u0c4d\u0c38\u0c4d<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\u2753-fa-qs-on-mpc\">FAQs on Monetary Policy Committee<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list\">\n<div id=\"faq-question-1759497275206\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question\"><strong>Why was MPC created?<\/strong><\/h3>\n<div class=\"rank-math-answer\">\n\n<p>To bring\u00a0transparency, accountability, and systematic decision-making\u00a0in rate-setting and to remove discretionary power from a single person.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1759497303249\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question\"><strong>Who decides the inflation target for MPC?<\/strong><\/h3>\n<div class=\"rank-math-answer\">\n\n<p>The\u00a0<strong>central government<\/strong>, in consultation with the RBI, notifies the inflation target periodically (typically every 5 years).<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1759497337409\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question\"><strong>What happens in case of a tie in MPC voting?<\/strong><\/h3>\n<div class=\"rank-math-answer\">\n\n<p>The\u00a0<strong>Governor of RBI<\/strong>\u00a0gets a\u00a0<strong>casting vote<\/strong>\u00a0(tie-breaker).<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1759497356185\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question\"><strong>Can external members of MPC be reappointed?<\/strong><\/h3>\n<div class=\"rank-math-answer\">\n\n<p>No, external (government-nominated) members generally\u00a0<strong>cannot be reappointed<\/strong>.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1759497378078\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question\"><strong>Is MPC\u2019s decision binding on RBI?<\/strong><\/h3>\n<div class=\"rank-math-answer\">\n\n<p>Yes \u2014 decisions made by MPC (e.g. repo rate) are binding on RBI and must be followed.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">The\u00a0Monetary Policy Committee (MPC)\u00a0is a pivotal institution in India\u2019s macroeconomic governance. It ensures that interest rate decisions are\u00a0collective, evidence-based, transparent, and accountable\u00a0\u2014 balancing the twin goals of\u00a0price stability\u00a0and\u00a0economic growth.<\/p>","protected":false},"excerpt":{"rendered":"<p>The\u00a0Monetary Policy Committee (MPC)\u00a0was established under the amended RBI Act in 2016 to decide interest rates and maintain price stability. This post explains its composition, objectives, tools, decision process, and notable challenges \u2014 tailored for competitive exam aspirants.<\/p>","protected":false},"author":1,"featured_media":1673,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowpNK9DA:productID":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[41],"tags":[51],"class_list":["post-1668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy"],"_links":{"self":[{"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/posts\/1668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/comments?post=1668"}],"version-history":[{"count":5,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/posts\/1668\/revisions"}],"predecessor-version":[{"id":1674,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/posts\/1668\/revisions\/1674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/media\/1673"}],"wp:attachment":[{"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/media?parent=1668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/categories?post=1668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/tags?post=1668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}