India’s Inflation to Cool Gradually, Central Bank Chief Says
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India’s disinflation process is “likely to be slow and protracted” and the central bank may meet its 4% target only in the medium term, Reserve Bank of India Governor Shaktikanta Das said Tuesday.
“The cumulative impact of our monetary policy actions over the last one year is still unfolding and yet to materialize fully,” Governor Das said at an event by Central Banking magazine in London, adding that RBI’s price-gains forecast of 5.1% for the current financial year is well above its aim.