Relief From Inflation : The RBI Governor said that at present, the supply outlook is looking better, all the indicators are indicating a better recovery of the economy in the first quarter of the financial year 2022-23.
Relief From Inflation : RBI Governor Shaktikanta Das has said that the inflation rate has reached its peak and the inflation rate will be brought down to near 4 percent in the next two years. He said that the Reserve Bank is keeping a close watch on every coming figure. RBI Governor said that we will gradually achieve the target of 4 percent inflation rate without hurting the growth.
In fact, the retail inflation rate had reached 7.79 per cent in April 2022, which was far above the RBI’s tolerance level. After which the RBI increased the repo rate by 1.40 percent in three phases to control inflation. After the reduction in the prices of commodity and crude oil, now the retail inflation rate has come down to 6.71 percent.
By the way, Reserve Bank of India (RBI) Governor Shaktikanta Das has said earlier that inflation is expected to moderate in the second half of the financial year 2022-23 (between October and March), which will ease the problems of the economy. Will be He indicated that there will be no need for RBI to take tough monetary policy decisions when inflation comes down.
Central banks around the world have been reeling from supply chain problems, rising commodity prices, and Russia’s attack on Ekrem. In India too, due to these reasons, the inflation rate has been higher than the RBI’s tolerance level of 6 percent since the beginning of this year, due to which the RBI has to increase the repo rate by 1.40 percent. Due to this the debt has become expensive.