rbi speech, 2023-11-22
The monetary policy actions of the Reserve Bank over the last one and half years consisting of prioritisation of inflation ahead of growth, narrowing the Liquidity Adjustment Facility (LAF) corridor, increasing the policy repo rate by 250 bps, draining out excess liquidity - together with supply side measures by the Government - have facilitated significant softening of headline inflation to 4.9 per cent in October 2023.
Sentiment: neutral
Topic: mp_inflation