Reserve Bank of India (RBI) Governor Urjit Patel, Deputy Governor Viral Acharya, and senior officials spoke to the media after the fifth bi-monthly monetary policy committee (MPC) review meeting for FY19 on inflation forecast and the central bank’s measures to improve liquidity
How many months of under-shooting of the inflation target would you require in order to change the course of the interest rate cycle?
Urjit Patel: As we mentioned clearly in the resolution and in my opening remarks, we need few more data points to ascertain the durability of the decline in inflation that has taken place in a