Sanjay Malhotra: Monetary policy in a time of heightened uncertainty
What changed vs prior statement
- 01Emphasis on heightened uncertainty suggests a shift towards a more cautious and flexible monetary policy approach.
- 02Use of "heightened uncertainty" reflects a change from the prior focus on resilience and resurgence.
- 03No vote-record change.
From the original
Intervention by Mr Sanjay Malhotra, Governor of the Reserve Bank of India, during a panel discussion "Monetary policy in a time of heightened uncertainty", jointly organised by the Swiss National Bank (SNB) and the International Monetary Fund (IMF) as part of the 12th High-Level
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4 itemsSanjay Malhotra: Indian financial markets - resilience and resurgence
The desk posits that the Indian financial markets are poised for significant growth, bolstered by a resilient economic framework and proactive monetary policy. Per the full note [source], Governor Sanjay Malhotra emphasized the importance of structural reforms and the strengthening of regulatory frameworks as catalysts for this resurgence. The Reserve Bank of India's commitment to maintaining stability while fostering growth is critical, as evidenced by recent data indicating a robust recovery in GDP growth, projected at 6.5% for FY2026. This outlook contrasts sharply with more cautious views from certain market participants who remain skeptical about inflationary pressures and global economic headwinds.