Finance Minister Hopes RBI’s Announcement Today of Increase of 25 Basis Points in Policy REPO Rate would Help Us in Getting Back to a More Comfortable Inflation Situation ; would also Leave Scope for Growth to Pick-up in Second Half of the Year
The Union Finance Minister Shri Pranab Mukherjee said that the headline inflation continues to be a matter of concern at over 9 per cent over the last 12 months, with significant supply and demand side factors contributing to it. There are also signs of growth being affected by monetary tightening in the recent data on the real economy.
Press Information Bureau
Government of India
Ministry of Finance