In a recent statement, Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized that the nation cannot afford another surge in inflation. Addressing concerns regarding rising prices, Das acknowledged that inflation poses significant risks to economic stability and growth. He reiterated the central bank’s commitment to maintaining price stability as a primary objective, crucial for fostering sustainable economic growth.
Source:- bbc news
Das noted that while inflation rates have shown some signs of moderation, the RBI remains vigilant and proactive in its approach to monetary policy. He highlighted that inflation management requires a careful balancing act, considering both domestic and global economic conditions. The RBI’s recent monetary policy decisions reflect its intention to counter inflationary pressures while supporting economic recovery in the aftermath of the pandemic.
Source:- news 18
The Governor pointed out various factors contributing to inflation, including supply chain disruptions, fluctuating commodity prices, and external shocks. He urged stakeholders to focus on enhancing supply-side measures to mitigate these pressures. Emphasizing the importance of coordinated efforts between the government and the RBI, Das called for policies aimed at increasing agricultural productivity and improving logistics to ensure a smoother flow of goods.
Furthermore, Das acknowledged the importance of public expectations in inflation dynamics, stressing the need for transparent communication from the central bank to manage these expectations effectively. He emphasized that confidence in monetary policy is essential for economic stability.
In conclusion, RBI Governor Shaktikanta Das reiterated the need for vigilance and a proactive stance in managing inflation, as the repercussions of another inflationary period could undermine the progress made in stabilizing the Indian economy. The central bank remains committed to its mandate, working towards a balance between growth and price stability to foster a resilient economic environment.
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