Central Banks
India Inflation to Ease to 4% in 2 Years After Peaking, Das Says
- Long term bond yields reflect inflation is getting anchored
- Current account gap will remain manageable, can be financed
The vegetable and fruit market in Bengaluru, India.
Photographer: Samyukta Lakshmi/BloombergThis article is for subscribers only.
Reserve Bank of India Governor Shaktikanta Das seeks to slow India’s inflation to 4% within two years after hitting its peak in the last few months.
“Inflation has peaked and price gains are getting anchored,” Das said in an interview with television channel ET Now on Tuesday, adding that the central bank is watching every incoming data and there’s “no room for complacency.”