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RBI Governor: RBI Governor Shaktikanta Das said, reduction in commodity prices will reduce inflation
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RBI Governor: RBI Governor Shaktikanta Das said, reduction in commodity prices will reduce inflation


RBI Governor On Inflation: RBI is now heaving a sigh of relief due to fall in commodity prices and RBI is hopeful that this will help in reducing inflation in the coming days. This is what RBI Governor Shaktikanta Das has to say. The RBI governor said that there has been a decline in commodity prices in recent times. Also, removing supply-side bottlenecks will help bring down inflation. The RBI governor warned that if inflation continues to rise, it may cause a setback to economic growth and investment prospects.

The RBI governor said that due to external shocks one after the other, inflation has increased in South Asian countries. Credible monetary policy action, removal of supply-supply bottlenecks, fiscal trade policy and administrative measures have become major steps to successfully control inflation. He said that prioritizing price stability could be the best option for the South Asian region.

Addressing a conference of the International Monetary Fund (IMF) here, Das said that in line with the global trade outlook for 2022-23, greater intra-regional trade in the South Asian region will lead to growth and employment opportunities. Along with this, he told that the central government and the central bank are in talks with South Asian countries for cross-border trade in rupees.

RBI Governor said that the testing of digital currency is going on and RBI is moving very cautiously and carefully regarding the offer of digital rupee. After the successful launch of RBI’s pilot project of Central Bank Digital Currency (CBDC) for wholesale digital rupee, on December 1 last year, it launched the pilot project of retail CBDC.

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