Team Blitz India
NEW DELHI: The Reserve Bank of India (RBI) during its Monetary Policy Committee (MPC) meeting highlighted that the policy must continue to be actively disinflationary to ensure anchoring of inflation target and fuller transmission. The RBI’s rate-setting panel believes that durable price stability was their mandated goal.
On future indicators, the central bank said in its statement that unpredictable supply side shocks from adverse climate events and their impact on agricultural production as also geo-political tensions and spillovers to trade and commodity markets add uncertainties to the outlook.
RBI Governor Shaktikanta Das said that the success in the disinflation process should not distract us from the vulnerability of the inflation trajectory to the frequent incidences of supply side shocks, especially to food inflation due to adverse weather events and other factors.
