Key prizes put on hold; Shaktikanta That promises continued support for the economy, says core inflation as a concern

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Shaktikanta Das says the RBI recognized core inflation as a political concern

RBI Governor Shaktikanta Das said the central bank recognized that core inflation was a political concern. International markets are becoming increasingly volatile, he said.

Here are some highlights of what the RBI boss said at the press conference:

–Activities in various economic segments have exceeded pre-pandemic levels

–Private investments, private consumption, few others are still lagging behind

– The economy faces multiple headwinds due to mainly international factors

–We are seeing an increase in infections in many advanced economies

–MPC thought it better to be careful at the moment

– The effort is to control the liquidity in the market

– Also perform long-term VRRRS

– Unfair to compare Indian inflation dynamics with other countries

–We realized that core inflation is a political concern

– International markets are becoming increasingly volatile

– The US Federal Reserve is likely to consider tapering faster; we are very vigilant

– Current credit growth of over 7% pretty low for Indian economy

– The flow of credit to the commercial sector has increased somewhat

–Private investments have yet to pick up, credit demand has to pick up


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