Price stability bedrock for sustained growth: RBI Guv

Resilient growth has given the RBI space to focus on inflation to ensure its durable descent to 4% target

Reserve Bank Governor Shaktikanta Das on Thursday said price stability acts as a bedrock for sustained growth, and the central ban's endeavour is to bring down retail inflation to 4 per cent on a durable basis.

Speaking on (Balancing Inflation and Growth: The Cardinal Principle of Monetary Policy," he said resilient growth has given the RBI the space to fo cus on inflation to ensure its durable descent to the 4 per cent target.

"A stable inflation or price stability is in the best interest of people and the economy. It acts as a bedrock for sustained growth, enhances the purchasing power of people and provides a stable environment for investment," he said.

He was addressing a high-level policy conference of central banks from the Global South here.