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Central banking at crossroads

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

Summary written by Dark Majestic in its own words · topics: financial stability, public finances and debt

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· Shaktikanta Das Wiki · Reserve Bank of India WikiCentral banking at crossroads

ContextKeynote address by Shaktikanta Das, Governor of the Reserve Bank of India, at the RBI@90 High-Level Conference on "Central banking at crossroads", organised by the Reserve Bank of India, New Delhi, 14 October 2024.

Why it mattersIndia's governor discusses how high rates raise debt costs and asset quality risks.

Problems raised
  1. Central banking is at a turning point.
  2. High rates raise debt costs and volatility.
  3. Asset quality is at risk.
Solutions proposed
  1. Adapt central banking to new realities.
  2. Require banks to mitigate risks.
  3. Keep financial stability in view.
Read full speech on bis.org ↗

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