Persistent inflation demands that strong monetary policy be taken at a time when funding for economic stability should be a priority, the State Bank of India said in a statement on Friday. The Indian economy is placed in the best position to strengthen sustainable resilience and improve the prospects for the macro-economy. Monetary policy remains consistent but focuses on the abolition of settlements, the RBI said, and added that the key was allocated to contain inflation within targets as we progressed while supporting growth.
That is not a domestic problem but a global one driven by the collapse of Russia-Ukraine, which has led to rising commodity prices and distortions in the supply of goods and a shortage of supplies around the world. The report states that so far this year, more than 40 major banks in developed and developing countries have increased policy interest rates.
After liquidity steps
According to the annual report, natural gas and coal prices have reached a very high level between the supply of electricity and the growing demand for electricity as the global economic activity is revived. In summary, the year has brought many challenges, but recovery is continuing despite the storms, the RBI said. The future growth trend will be addressed by addressing supply-side issues and balancing monetary policy to bring inflation into targets while supporting growth and support for targeted monetary policy to meet demand, especially by improving spending, said the central bank.
Indeed, the RBI has said that the full recovery of combined interest depends on the flexibility of private investment.But the report showed that average inflation, as well as volatility measured by the average consumer price index (CPI) -based inflation, was lower by 2021-22 than last year.
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