To carefully adjust, measure, or fine-tune something to ensure accuracy or the desired outcome

French calibre (degree of importance) from Arabic qalib (mould, model)

Adjust Fine-tune Regulate
Neglect Disregard Derange
"The RBI must calibrate its monetary policy response to balance inflation control with growth support during the oil shock."

Use when discussing policy fine-tuning — monetary policy calibration by MPC, calibrated tightening of repo rates, or calibrating subsidy targeting in welfare schemes.

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