Team Blitz India
NEW DELHI: Amid the ongoing geopolitical crisis and global headwinds, Reserve Bank of India Governor Shaktikanta Das, said that the interest rates will remain high at the moment. Moreover, he refrained from telling for how long interest rates will remain at elevated level.
“Interest rate will remain high at the moment, (for) how long, only time will tell,” the RBI Governor said in response to a query at Kautilya Economic Conclave 2023.
In his speech, Shaktikanta Das also underlined the challenging nature of monetary policy and clarified that there is no room for complacency.
“Notably, all the major central banks across the world have raised their key policy rates to curb high inflation. In India, inflation is cooling down and has reduced significantly after touching its peak in July this year,” he said.