Elections not a factor for monetary policy: RBI governor at BFSI Summit

Direction and speed of inflation important, not just number: Shaktikanta Das

The Lok Sabha elections in 2024 are not a consideration when it comes to monetary policymaking, said Reserve Bank of India governor Shaktikanta Das to underscore the central bank’s commitment to controlling inflation.

“It’s not possible for me to comment what we do in the next MPC (Monetary Policy Committee), but one thing I can tell and I would like to make it very clear—that the fact of elections coming up in 2024 is not a factor at all so far as monetary policymaking is concerned. Monetary policymaking is for checking (and) controlling inflation,” Das said at the Business Standard,