Ashima Goyal, a member of the Monetary Policy Committee
Several factors, including a decline in global crude oil prices, point to the likelihood of future inflation readings falling below the Reserve Bank of India’s forecasts, Ashima Goyal, a member of the Monetary Policy Committee told Business Standard’s Bhaskar Dutta. If inflation does indeed come in below the RBI’s projections, less of a rise in rates will be required, Goyal said.
You have mentioned in the recent MPC minutes that growth has sustained despite rate increases and global shocks. The RBI is projecting CPI inflation above 6% till Jan-Mar. Does this call for more frontloading of rate hikes?
First Published: Aug 22 2022 | 1:14 AM IST