When inflation gets closer to 4%, focus can shift to growth: Jayanth Varma

'Lot of high frequency indicators are showing some signs of slowing'

Manojit Saha Mumbai
Jayanth R Varma, member, Monetary Policy Committee

Jayanth R Varma, member, Monetary Policy Committee

Listen to This Article

Jayanth Varma, member of the RBI’s monetary policy committee, explains why the rate-setting committee needs to wait and watch for now in an interview with Manojit Saha. Edited exerpts:
You talked about two risks on inflation that have emerged since the February meeting. Why don’t you ask for a rate hike then?
These are risks which may or may not materialise. If you look at the monsoon, we have forecast from the India Meteorological Department that says it will be normal. When we met, there was no forecast at all. Skymet is saying it will be below normal. So there is uncertainty about that.

Also Read

RBI MPC: Here is what experts have to say about the policy announcement

RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%

MPC lowers projection for inflation, raises growth outlook a bit in FY24

RBI MPC: When and where to watch policy announcement by Shaktikanta Das

RBI Monetary Policy: Repo rate up by 25 bps, FY23 inflation pegged at 6.5%

We expect good demand to continue from realty sector: LIC Hsg Fin chief

Necessary to assess cumulative impact of action taken so far: RBI

MSME, gold will grow faster than any other segment: Shriram Finance CEO

First Published: Apr 20 2023 | 11:32 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to