RBI Monetary Policy Committee Unanimous On Controlling Inflation: Top Quotes
NDTV
RBI Governor: Circumstances warrant prioritising inflation and anchoring of inflation expectations in the sequence of objectives to safeguard financial stability
Reserve Bank of India's (RBI) six-member monetary policy committee while unanimously deciding to maintain status quo on the repo rate at 4 per cent during its meeting held between April 6-8, 2022, was also unified in agreeing to the fact that inflationary pressures need to be reigned in.
According to the minutes of the committee's meeting released by the central bank today, right from Governor Shaktikanta Das and Deputy Governor Michael Patra to Executive Director Mridul Saggar and economist Ashima Goyal, all members expressed concern over rising prices, marking it as the key focus area.
Owing to rising prices, the RBI has also raised the retail inflation target for the current financial year to 5.7 per cent on the back of rising global prices amidst the ongoing geo-political tensions, even as it expected the prices of cereals and pulses to soften on prospects of good winter crop harvest.
Let us look at some of the top quotes from the monetary policy committee members on inflation during their deliberations in the meeting.
