News > Fed’s steep rate normalisation path will push RBI also into action

Fed’s steep rate normalisation path will push RBI also into action

Economic Times | 20/03/2022 09:30 AM | Click to read full article

The US Federal Open Market Committee (FOMC)’s statement characterises an emergency-level response to runaway inflation at 8%, a 40-year high. The Federal Reserve is now accepting that inflation is getting entrenched.

The Reserve Bank of India (RBI) too is expected to prioritise growth over inflationary fears in its April 2022 policy meet.