RBI Governor Warns Against Premature Monetary Policy Move
Feb 22, 2024 17:41
RBI Governor Shaktikanta Das cautions against premature policy changes, warning that it could hinder inflation control efforts. He emphasizes the need for continued vigilance to ensure the success of disinflation.
Photograph: ANI Photo
Mumbai, Feb 22 (PTI) The Reserve Bank of India's job to bring down inflation is not over, and any premature move on the policy front could undermine the success achieved so far on the price situation, according to RBI Governor Shaktikanta Das.
According to the minutes of the February Monetary Policy Committee (MPC) meeting released by the central bank on Thursday, Das had said at this juncture, monetary policy must remain vigilant and "not assume that our job on the inflation front is over".
He stressed that the MPC must remain committed to successfully navigate the "last mile" of disinflation that can be sticky.
Das made the remarks while voting for status quo in the key interest rate earlier this month.
"As markets are front-running central banks in anticipation of policy pivots, any premature move may undermine the success achieved so far," the governor said, as per the minutes.
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