RBI Governor: Monetary policy measures are only discussed if inflation remains at 4%.
In an interview with reporters following the RBI's decision to maintain the status quo in interest rates for the eighth time in a row, Governor Shaktikanta Das of the Reserve Bank of India stated that, according to the RBI's projections, consumer price inflation will be 3.8% in the December quarter but will eventually rise to 5%.
Governor Shaktikanta Das stated on Friday that the Reserve Bank of India (RBI) would only take "further policy actions" if it was certain that headline inflation would remain at 4%.
He stated that the primary goal of the central bank is to bring the inflation rate into line with the 4% target. He also stated that unless the RBI is certain that the inflation rate would stay at or below 4%, no changes to rates will be allowed.
Speaking to media at the customary discussion following the RBI's decision to maintain the status quo in rates for the eighth time in a row, Das stated that, according to the RBI's projections, consumer price inflation will be 3.8% in the December quarter but will eventually rise to 5%.
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