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RBI unlikely to change interest rate soon
The New Indian Express
|July 12, 2024
RESERVE Bank of India Governor Shaktikanta Das on Thursday said the question of change of stance on interest rate is quite premature given the gap between current inflation and 4% target.
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Das said, in an interview to CNBC-TV18, inflation journey is progressing as per expectations, but added that it is the last mile of the journey towards 4%, which will be the most difficult or sticky. "when we move towards 4 per cent CPI (retail inflation) on a sustained basis is when we will get the confidence to think about a change in stance," he said.
Esta historia es de la edición July 12, 2024 de The New Indian Express.
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