Need to keep inflationary expectations firmly anchored: RBI article | Business News,The Indian Express

The Indian economy is poised to shrug off the modest tapering of growth momentum in the first quarter of 2022-23, it said.

Saturday, Sep 17, 2022

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		HomeBusinessNeed to keep inflationary expectations firmly anchored: RBI article		

							
													Need to keep inflationary expectations firmly anchored: RBI article
													
														The Indian economy is poised to shrug off the modest tapering of growth momentum in the first quarter of 2022-23, it said.
															
					
											
						
														
								
									
										
											
																									
													
														By: PTI		
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	Mumbai | September 16, 2022 7:51:05 pm														
													
															
													
												
												


		
		
			
				
			
		
		
			
				
			
		
		
			
				
			
		
		
			
			
			
		
	

											
											
														
														
														
													 Inflation remains elevated, underscoring the need for monetary policy to keep inflationary expectations firmly anchored, according to an article published in the Reserve Bank's latest bulletin issued. (File Photo)Inflation remains elevated, underscoring the need for monetary policy to keep inflationary expectations firmly anchored, according to an article published in the Reserve Bank’s latest bulletin issued on Friday.

The retail inflation cut short its three-month declining trend and inched up to 7 per cent in August, mainly due to higher food prices.

The consumer price index (CPI) based inflation, which the RBI factors in for its monetary policy, has remained above its upper threshold of 6 per cent for eight months in a row.

Loss of momentum in global economic activity may be taking the edge off inflation, which remains elevated, said the article by a team lead by RBI Deputy Governor Michael Debabrata Patra.

The Indian economy is poised to shrug off the modest tapering of growth momentum in the first quarter of 2022-23, it said.

https://indianexpress.com/article/business/need-to-keep-inflationary-expectations-firmly-anchored-rbi-article-8155807/

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