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Price stability bedrock for sustained growth: RBI Governor Shaktikanta Das

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

PTI

Mumbai, Updated At : 10:39 AM Nov 22, 2024 IST

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Reserve Bank Governor Shaktikanta Das. File photo

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Reserve Bank Governor Shaktikanta Das on Thursday said price stability acts as a bedrock for sustained growth, and the central bank’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 Reserve Bank of India (RBI) the space to focus on inflation to ensure its durable descent to the 4 per cent target.

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