Inflation will fall below 6% next yr: RBI panel's Goyal
The Times of India Mumbai|October 20, 2022
RBI monetary policy committee (MPC) member Ashima Goyal on Wednesday said that the efforts of the RBI to contain price rise by repeatedly increasing interest rates will help in containing inflation, which is likely to fall below 6% next year.
Inflation will fall below 6% next yr: RBI panel's Goyal

Goyal said that the policy rate hikes have largely reversed pandemic-time cuts but the real rate remains low enough not to hurt the growth recovery. "With a lag of two-three quarters, higher real rates will reduce demand in the economy. International commodity prices are softening with the global slowdown and supply chain bottlenecks have reduced," she said in an interview.

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