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RBI aims to bring down inflation to 4% in two years: Shaktikanta Das

Central bank hopes to achieve its objectives without too much 'growth sacrifice', he says

RBI Governor Shaktikanta Das
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According to the RBI’s assessments, inflation has peaked and it is expected to moderate, said Das.

Bhaskar DuttaSubrata Panda Mumbai
The Reserve Bank of India (RBI) aims to reduce inflation to its medium-term target of 4 per cent in the next two years and its rate actions will be data-dependent, said Governor Shaktikanta Das on Tuesday.

Consumer Price Index (CPI)-based inflation — the central bank’s monetary policy anchor — was at 6.71 per cent in July, marking the first time in four months that the price gauge dropped below 7 per cent.

“We would like to bring down inflation over a time cycle of about two years or so… By and large, I think we are moving closer to 4

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First Published: Aug 23 2022 | 7:51 PM IST

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