At the World Economic Forum in Davos, Reserve Bank of India (RBI) Governor Shaktikanta Das outlined India's monetary policy stance and economic projections. He emphasized that India's monetary policy must remain actively disinflationary. Governor Das projected that India's economic growth is likely to touch 7% in the next fiscal year, with inflation expected to average around 4.5%. He also made it clear that the RBI will not consider interest rate cuts unless inflation settles firmly around the 4% target, with the topic of rate cuts not being on the table at this time.
RBI Governor Shaktikanta Das says topic of rate cut not on table at this time, focus to bring inflation to 4% https://t.co/jAbBWqXy2q
Indian economy poised for 7% growth in upcoming fiscal year, says RBI Governor https://t.co/cOiEH6RqXd https://t.co/w0AoGvEeoU
India’s central bank won’t consider interest rate cuts unless inflation settles firmly around the 4% target, with policymakers not even discussing the topic yet, Governor Shaktikanta Das says https://t.co/TE8ySmkGg4
India’s economic growth will likely “touch” 7% in the next fiscal year while inflation will average around 4.5%, central bank Governor Shaktikanta Das projects https://t.co/KR1fF5qsc4
India monetary policy has to remain actively disinflationary, says RBI chief https://t.co/V5ExqZavRQ https://t.co/WpXAYHmDnZ
India cenbank governor's comments at World Economic Forum in Davos https://t.co/1rTr3WeyAx https://t.co/xxR7jjI8gY