Stating that interest rate cuts are not on the agenda of the Reserve Bank of India (RBI), Governor Shaktikanta Das on Friday said the central bank remains “extra vigilant” about inflation. Das said monetary policy must remain “actively disinflationary” In the current situation, adding that financial stability is non-negotiable.
Speaking at the Kautilya Economic Conclave, Das said there is a need for a sustained decrease in inflation and the RBI wants to reduce it to 4 per cent. Referring to the Israel-Palestine conflict in West Asia, Das said central banks “need to remain very agile” amid global uncertainties.
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