Reserve Bank Governor Shaktikanta Das on Thursday said price stability acts as a bedrock for sustained growth, and the central bank’s endeavour is to bring down retail inflation to 4 per cent on a durable basis.
Speaking on ‘Balancing Inflation and Growth: The Cardinal Principle of Monetary Policy’, he said resilient growth has given the Reserve Bank of India (RBI) the space to focus on inflation to ensure its durable descent to the 4 per cent target.
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