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Signs that inflation is peaking amid global monetary policy action: Patra

The RBI Dy Governor says war in Europe threatens to 'snuff out' global economic recovery post the Covid-19 pandemic

Michael Patra, Deputy Governor, RBI
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Michael Patra, Deputy Governor, RBI

Arup Roychoudhury New Delhi
The current geopolitical situation arising from Russia's invasion of Ukraine threatens to 'snuff out' global economic recovery post the Covid-19 pandemic, Reserve Bank of India Deputy Governor Michael Patra said on Friday.

Addressing an event by industry body PHD Chamber of Commerce, Patra said that there are signs that inflation could be peaking, even as the global commodity price situation has led to a coordinated monetary policy action.

“The world has been overwhelmed by the fallout of geopolitical conflict, which threatens to snuff out a recovery that was hesitantly and haltingly making its way through multiple waves of the pandemic

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First Published: Jun 24 2022 | 6:12 PM IST

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