Monetary Restraint
| Published date | 10 August 2024 |
| Author | SNS |
| Publication title | Statesman, The (India) |
The central bank's stance is a calculated one, rooted in the necessity to bring inflation down to its medium-term target of 4 per cent. Despite significant global volatility, particularly influenced by actions from other major central banks, the RBI remains steadfast in its focus on domestic inflationary trends. Governor Shaktikanta Das's comments underscore this resolve, pointing out the stubborn nature of India's food inflation, which significantly impacts the public's perception and experience of overall inflation. Maintaining price stability is crucial for sustainable economic...
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