Central Banks
RBI Deputy Sees CPI at Target on ‘Durable Basis’ by Next Year
This article is for subscribers only.
India’s inflation will likely move toward the 4% target on a “durable basis” in the coming fiscal year, the central bank’s Deputy Governor Michael Patra said.
CPI is expected to average 4.5% in the current financial year ending March 2025, “before aligning with the target on a durable basis in 2025-26,” Patra said in a speech about inflation targeting and posted on the Reserve Bank of India’s website on Tuesday.