Central banks tightening monetary policies, raising fears of imminent recession: RBI Governor

Updated:3 years, 11 months ago

Mumbai, July 22 (ANI): Reserve Bank of India Governor Shaktikanta Das on July 22 said that the Central banks are tightening monetary policies at a very rapid pace, raising fears of an imminent recession. “We are living in turbulent times. The continuing war in Europe and pandemic have rendered the global macro-economic outlook uncertain. Countries are facing unexpectedly high inflation, including food inflation, supply chain disruptions and demand-supply imbalances,” he said. “Central banks are tightening monetary policies at a very rapid pace, raising fears of an imminent recession. Commodity prices eased somewhat in June, but they remain elevated,” he added.

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Central banks tightening monetary policies, raising fears of imminent recession: RBI Governor

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