Perhaps there is often brainstorming and discussion between the government and RBI regarding the inflation rate figures in the country. However, today such a scene was seen when the government and RBI showed different views on inflation and interest rates on the public forum. In fact, both Union minister piyush goyal and RBI governor Shaktikanta Das were present today at the CNBC TV-18 Global Leadership Summit. When both of them put forward their stand on interest rates in the country, an interesting situation arose, on which the answer given by the RBI governor will be amazing.
Meanwhile at the CNBC TV-18 Global Leadership Summit, Union Commerce and Trade minister piyush goyal said that the country's central bank i.e. RBI should definitely cut interest rates, but he also said that this is his personal opinion. piyush goyal said that by december, inflation rates will fall and common people will start getting the benefit of reduced prices. According to him, he does not consider the theory of increasing food inflation as the reason for cutting interest rates to be correct.
Moreover RBI governor Shaktikanta Das smiled at the statement of the Union minister and said, "The next monetary policy is going to come in the first week of december and I will save my thoughts and comments for that time.. Thank you". The RBI governor earlier said in the key-note address at the Global Summit that the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india had kept the interest rates stable at 6.5 percent without any change in the previous credit policy of October, although along with this the RBI had changed its stance to 'neutral' which was earlier of 'withdrawal of accommodation'. However, in view of the changing interest rate conditions in the US, it is feared that the Reserve bank is going to decide to keep the interest rates unchanged again in the MPC meeting to be held in December.
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