The Economic Times

Inflation stays high, growth slows, central bankers face a bigger challenge, says RBI Guv Malhotra

RBI Governor Sanjay Malhotra highlighted the challenges faced by central banks due to global uncertainties and supply chain issues. He noted the elevated global inflation and lower growth forecasts impacting monetary policy decisions worldwide. India entered this phase with strong macroeconomic fundamentals, maintaining growth at 7.8% despite rising inflation levels. The RBI's goal remains to achieve price stability while ensuring financial market order and health.