India’s central bank will consider its job unfinished until inflation moderates around its 4% target on a durable basis, Governor Shaktikanta Das said.

Reserve Bank Governor Shaktikanta Das emphasized the importance of price stability for sustained growth, focusing on reducing retail inflation to 4%. Addressing global central banks, he highlighted the RBI's strategy amidst global uncertainties and outlined the role of central banks in maintaining economic stability in the Global South.

In the long run, price stability supports sustained high growth. Price stability is also important because high inflation is disproportionately burdensome on the poor': Reserve Bank of India

The Consumer Price Index accelerated to a 14-month high of 6.21 per cent in October, compared to 5.5 per cent in September.

Governor Shaktikanta Das on Thursday underscored the crucial role of price stability as the foundation for sustained economic growth during his address at the "High-Level Policy Conference of Central Banks from the Global South.

Reserve Bank Governor emphasizes importance of price stability for sustained growth, aiming to reduce inflation to 4%.

Price stability is important also because high inflation tends to be disproportionately burdensome on the poor, according to RBI governor Shaktikanta Das.