Shaktikanta Das: Sustaining High Interest Over Time
The Governor of the Reserve Bank of India, Shaktikanta Das, recently gave a signal that global factors may be easing for the first time in almost a year. This is due to inflation around the world declining and central banks being forced to tighten their monetary policy.
Inflation remains an issue in developed countries but it appears to be decreasing in India as well. However, external influences still pose a risk and could cause further disruption if not monitored closely. Despite this uncertainty, Mr Das has suggested that interest rates may remain high for some time yet.
He went on to say that while there are signs of improvement overall, caution must still be taken when making decisions about economic policies or investments going forward as there are no guarantees against future shocks or changes in market conditions which could have serious implications for businesses and individuals alike. Therefore it is important to take into account all available information before taking any action so as not to put oneself at unnecessary risk during these uncertain times.Read more at The Economic Times