"Policymaking Has Become Extraordinarily Complex", Says RBI Governor Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das thinks policymaking in the current economic climate has become extraordinarily complex. Das said the RBI has maintained a pause on policy rates in 2023 so far and that the 200 basis points hikes are still working through the system. He was addressing the Kautilya Economic Conclave 2023 on Friday, October 20. He mentioned that though macro stress tests reveal India's scheduled commercial banks will be able to comply with regulatory cap levels even under serious scenarios, there is a need to stay vigilant as "it’s during good times that vulnerabilities may creep in". Das highlighted insights into the challenges and intricacies of managing the country's monetary policy and ensuring financial stability.