Central Banks
India’s RBI Governor Says It’s ‘Extra Vigilant’ on Inflation
- Governor Das says RBI needs to see sustained easing to 4%
- MPC calls for close watch on price gains amid uncertainities
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India’s central bank remains “extra vigilant” on inflation and needs to see the rate easing to 4% on a sustained basis, Governor Shaktikanta Das said, signaling interest rates may remain higher for longer.
Monetary policy must remain actively focused on curbing prices “to ensure that the ongoing disinflation process progresses smoothly,” Das said in a speech hosted by the Institute of Economic Growth in New Delhi on Friday.