New Delhi : Reserve Bank of India Governor Shaktikanta Das has said important things about interest rates. He has said that now is not the right time to reduce interest rates. At present, inflation has increased a lot in the country and the situation is such that there is no possibility of inflation coming down in the future. In such a situation, we do not want to take any risk like reducing the interest rate.
It is noteworthy that RBI had decided to keep the interest rate stable in the Monetary Policy Committee meeting held this month. Actually, the US Federal Reserve, the central bank of America, had cut its interest rate this time, but it was expected that RBI can also take a big decision like changing it.
Waiting for inflation to come down
While giving a statement at Bloomberg India Credit Forum, RBI Governor Shaktikanta Das has said that if the interest rate is reduced at this time, it may cause crisis to the country's economy. That is why it is very important to keep an eye on the inflation rate. If the economic growth rate of the country is good, then there is no need to change the interest rate. If the inflation rate remains around 4 percent, then we can also consider reducing the interest rate. There is no need to make any kind of guess for this, because for this we have to wait for the data.
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Next 6 months are very important
According to RBI Governor Shaktikanta Das, the coming 6 months will be very important in terms of inflation. We are fully hopeful that the inflation rate will come down to the level of 4 percent. Earlier, RBI Deputy Governor Michael Patra had also expressed the hope that the inflation rate could remain around 4 percent in the financial year 2026 also. In the Monetary Policy Committee meeting held last week, the decision to keep the interest rate stable was taken for the 10th time. After this, it is expected that the interest rates will be reduced in the MNC held in the month of December. But at present the RBI Governor is not ready for any such decision.
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