RBI aims to bring down inflation to 4% in two years: Shaktikanta Das

Central bank hopes to achieve its objectives without too much 'growth sacrifice', he says

The Reserve Bank of India (RBI) aims to reduce inflation to its medium-term target of 4 per cent in the next two years and its rate actions will be data-dependent, said Governor Shaktikanta Das on Tuesday.

Consumer Price Index (CPI)-based inflation — the central bank’s monetary policy anchor — was at 6.71 per cent in July, marking the first time in four months that the price gauge dropped below 7 per cent.

“We would like to bring down inflation over a time cycle of about two years or so… By and large, I think we are moving closer to 4