RBI to remain flexible while aiming to tame inflation: Governor Shaktikanta Das
2 years, 5 months ago

RBI to remain flexible while aiming to tame inflation: Governor Shaktikanta Das

The Hindu  

Reserve Bank of India will continue calibrating policy to preserve and foster macroeconomic stability while bringing down inflation and will remain flexible in its approach, Governor Shaktikanta Das said on Saturday. The global economy is going through an uncertain time and concerns around growth and inflation persist, but the central bank believes that there could be some respite from rising prices in the coming months, Mr. Das told an economic forum in New Delhi. "Our current assessment is that inflation may ease gradually in the second half" of the fiscal year to March, given a favourable supply outlook and "high frequency indicators pointing to resilience of the recovery" during the three months to June, he said. Retail inflation eased marginally in May, after touching an eight-year high of 7.79% in April, but remained above the central bank's tolerance band of 2% to 6% for a fifth month.

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