On February 11, 2023, the Reserve Bank of India’s (RBI) central board of directors held its customary post-budget meeting. Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das held a press conference after the conclusion of the meeting, wherein Das said that the rate hikes are part of the process of maintaining positive real interest rates. He further stated that the persistence of negative real rates can create risks which must be avoided.
RBI Board Meeting Highlights
The RBI's central board of directors met for its customary post-Budget meeting on February 11. Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das held a press conference after the conclusion of the meeting, where Das said that real interest rates have just come into positive territory and persistence of negative real rates can create risks.
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