Davos 2024
India Central Bank Not Discussing Rate Cuts Yet, Das Says
- Governor sees India’s potential growth rate rising to 7%
- Inflows related to bond index inclusion can be absorbed easily
This article is for subscribers only.
India’s central bank won’t consider interest rate cuts unless inflation settles firmly around the 4% target, with policymakers not even discussing the topic yet, Governor Shaktikanta Das said.
While price gains have moderated, “unless we see clear evidence that inflation is going to sustain at that level, it will be premature to talk about rate cuts,” Das told Bloomberg Television’s Haslinda Amin in an interview on the sidelines of the World Economic Forum in Davos Thursday. “The topic of rate cuts is not even under discussion,” he said.