[ad_1]
India Inflation Data: In the year 2022, inflation has troubled the common people all-round. The inflation of petrol-diesel CNG, cooking gas and food items has not only troubled, but due to the cost of the loan, the EMI has also become expensive. But RBI Governor Shaktikanta Das has given a big statement. He said that the bad phase of inflation is now behind.
Bad phase of inflation left behind
In the press conference after the announcement of the monetary policy, the RBI governor said that there is a continuous decline in the prices of commodities and crude oil, due to which inflation is coming down globally. But at the same time, he also said that despite the good news on the inflation front, laxity cannot be done now. He said, “Inflation is coming down here and globally, but we have to be very cautious. If necessary, we will also have to take action. That’s why I say the fight against inflation is not over and there is no room for complacency. Bad times are behind. He said that RBI will keep an eye on the domestic situation and upcoming data.
Focus on reducing inflation
Reserve Bank Deputy Governor Michael Patra said that the central bank’s effort is to first bring down inflation to a satisfactory level of 6 per cent. The increase in the repo rate to 0.35 per cent instead of 0.50 per cent should be seen as a sign of moderation from the RBI. However, he also said, “The fight against inflation is not over yet and hence we have a neutral stance.” Importantly, we have reduced the quantum of change in the policy rate. This is the most important thing.
India a ray of hope in the world
The RBI governor also said that if seen from the perspective of growth, India is seen as a ray of hope in this ‘pessimistic’ world. There is also a possibility of recession in many countries of the world. Let us tell you that in the last 8 months since May 2022, due to the huge jump in the inflation rate, RBI has increased the repo rate by 2.25 percent.
News Reels
read this also
[ad_2]
Source link