India's headline inflation expected to moderate from Q4 of this financial year: RBI Governor Shaktikanta Das
headline inflation trajectory is expected to moderate from the last quarter of this financial year, while unexpected weather events and worsening of geopolitical conflicts pose a major challenge, Reserve Bank of India Governor Shaktikanta Das said in Washington DC.
On inflation, the RBI Governor spoke about ensuring inflation reaches to the 4% level on a durable basis. Pertinent to note that last week, the governor said that a policy rate cut would be very risky at this juncture.
'Resilient growth has given us the space to focus on inflation so as to ensure its durable descent to the 4 per cent target," Das said at the Macro Week 2024 organised by the Peterson Institute for International Economics at Washington DC.
«The headline inflation trajectory is projected to sequentially moderate from the last quarter of this financial year. Unexpected weather events and worsening of geopolitical conflicts constitute major upside risks to the inflation outlook,» he said.
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