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RBI governor rules out stagflation, expects consumer inflation to moderate: Financial Times

Published 08/31/2020, 12:03 AM
Updated 08/31/2020, 12:05 AM
© Reuters. The Reserve Bank of India Governor Shaktikanta Das arrives to attend a news conference after a monetary policy review in Mumbai

(Reuters) - Reserve Bank of India Governor Shaktikanta Das told the Financial Times https://on.ft.com/3gE9RGZ newspaper that he does not think there will be stagflation and that the consumer inflation should moderate.

"I do not agree that we are likely to face a situation of stagflation," Das told the newspaper in an interview published on Monday. "I am of the view that consumer inflation, going forward, should moderate."

He also suggested that another round of stimulus was likely on the cards.

"The government will announce more growth-supporting measures," he said.

"But whatever fiscal expansion they undertake will be very calibrated and very prudent in its approach."

Latest comments

It’s all a lie. The whole economic system works on the assumption of infinite debt and low-interest borrowing. Nothing has intrinsic value any more.
First stimulus is a failure. Second is a joke🤣🤣
This
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