Expect Higher Interest Rates World Over If Geopolitical Tensions Persist: RBI Gov

India’s December inflation eased to 5.72% versus 5.88% in the previous month, within the Reserve Bank’s comfort range of 2-6% for the second straight month, largely aided by food inflation which came in at 4.19%. Will these levels nudge the central bank to reduce the quantum of their rate hikes in the next month? Stating that earlier theories on RBI being behind the curve is over, RBI Governor Shaktikanta Das said the target of 4% plus/minus 2% CPI gives sufficient flexibility in MPC decision-making. Speaking at the Business Today Banking & Economy Summit, the Governor tells Udayan Mukherjee that the current inflation target band is very robust