Inflation will begin to cool off after October, says RBI governor – Times of India
MUMBAI: The central bank's projections indicate that inflation will moderate after remaining high in October, RBI governor Shaktikanta Das has said, while cautioning that geopolitical risks and weather events pose potential threats."Sept inflation crossed 5%, and we expect October inflation to be high as well. However, our projections indicate that inflation will begin to moderate after October," said Das during an interaction in Washington on the sidelines of the IMF-World Bank meeting. "Our efforts are not merely to stay within the 2% plus-or-minus band but to align inflation as closely as possible with the 4% target," he said, and added that the headline inflation trajectory is projected to moderate sequentially from the last quarter of this financial year.Das was speaking at 'Macro Wee...