Reserve Bank Governor Shaktikanta Das on Thursday said the question of change of stance on interest rate is quite premature given the gap between current inflation and 4 per cent target.
"Given gap between current inflation and 4 per cent target, question of change of stance is quite premature...when we move towards 4 per cent CPI (retail inflation) on a sustained basis is when we will get the confidence to think about a change in stance," Das said in an interview to CNBC-TV 18.
He said inflation journey is progressing as per expectations, but added that it is the last mile of the journey towards 4 per cent, which will be the most difficult or sticky.
Bu hikaye The Free Press Journal dergisinin July 12, 2024 sayısından alınmıştır.
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Bu hikaye The Free Press Journal dergisinin July 12, 2024 sayısından alınmıştır.
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