Governor of the Reserve Bank of India: There is currently some evidence that inflation expectations are high, and there are limited signs that supply-side pressure is embedded in pricing behavior. The Monetary Policy Committee decided to adjust its policy stance to calibrate austerity. The Monetary Policy Committee made it clear that interest rates will not be cut in the short term.

Governor of the Reserve Bank of India: There is currently some evidence that inflation expectations are high, and there are limited signs that supply-side pressure is embedded in pricing behavior. The Monetary Policy Committee decided to adjust its policy stance to calibrate austerity. The Monetary Policy Committee made it clear that interest rates will not be cut in the short term.