Finance › Speeches › Shaktikanta Das

Globalisation of inflation and conduct of monetary policy

· Shaktikanta Das, Governor of the Reserve Bank of India (India)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, trade, fragmentation and geopolitics

SD
· Shaktikanta Das Wiki · Reserve Bank of India WikiGlobalisation of inflation and conduct of monetary policy

ContextSpeech at the Kautilya Economic Conclave organised by the Institute of Economic Growth in New Delhi; the Reserve Bank of India keeps inflation in check amid global price rises.

Why it mattersDas argues that monetary policy must fit domestic conditions despite global inflation.

Problems raised
  1. Inflation has become global.
  2. Monetary policy must adapt.
  3. Supply shocks drive prices.
Solutions proposed
  1. Conduct monetary policy for domestic conditions.
  2. Anchor inflation expectations.
  3. Discuss global issues.
Read full speech on bis.org ↗

More from Shaktikanta Das · Reserve Bank of India · all speeches

More speeches by Shaktikanta Das

Other leaders on monetary policy and interest rates