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Growth can't come at the cost of price stability: RBI Governor
The Morning Standard
|November 22, 2024
Amid calls from central ministers for rate cut ahead of the next policy announcement on December 6, Reserve Bank governor Shaktikanta Das on Thursday said growth is a fundamental necessity for the Global South, but it can't come at the cost of price stability, indicating that it's too early for an easing cycle.
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Addressing a conference of central banks from the Global South in Mumbai Thursday, Das speaking on 'Balancing inflation and growth: The cardinal principle of monetary policy', said to achieve higher growth, the countries in the Global South need to step up investment in physical and social infrastructure, leverage techn
This story is from the November 22, 2024 edition of The Morning Standard.
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