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Gradual rise in inflation in second half: RBI Governor
Updated On: 10 July, 2022 09:38 AM IST | New Delhi | Agencies
Noting that price stability is key to maintaining macroeconomic and financial stability, he said the central bank will undertake measures for preserving and fostering macro economic stability
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Shaktikanta Das
Exuding confidence that the price situation will gradually improve in the second half of the current fiscal, RBI Governor Shaktikanta Das on Saturday said the central bank would continue to take monetary measures to anchor inflation with a view to achieving strong and sustainable growth.
Inflation is a measure of the trust and confidence that the public reposes in the economic institutions of the country, Das said while speaking at the inaugural Kautilya Economic Conclave. “Overall, at this point of time, with the supply outlook appearing favourable and several high frequency indicators pointing to resilience of the recovery in the first quarter of 2022-23, our current assessment is that inflation may ease gradually in the second half of 2022-23, precluding the chances of a hard landing in India,” Das said.
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