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‘India cannot risk another bout of inflation’
Millennium Post Delhi
|October 24, 2024
MUMBAI: India cannot risk another bout of inflation and the best approach currently would be to remain flexible and wait for inflation to durably align with the central bank's target, opined Reserve Bank Governor Shaktikanta Das while voting for status quo on benchmark rates during the last MPC meeting.
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"Monetary policy can support sustainable growth only by maintaining price stability," Das said, as per the minutes of the Monetary Policy Committee (MPC) meeting held earlier in the month.
The MPC had decided to keep the benchmark interest rate unchanged at 6.5 per cent.
This was the tenth consecutive meeting of MPC when it decided to keep the policy rate unchanged with a majority vote of 5-1.
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