Kolkata: The Reserve Bank of India (RBI) is likely to come out with a new policy measure to rein in inflation in its annual monetary policy review as high inflation remains a "matter of concern" for the apex bank.
"We will have our own policy very soon. Inflation remains a matter of concern and we need to evaluate and underline the inflationary pressures," RBI Deputy Governor Shyamala Gopinath told reporters on the sidelines of a programme organised by the apex bank Monday.
She said monetary policies required about 12 to 18 months to have an impact on inflation.
"Once a policy is in place, it will take around 12 to 18 months to work. It is better that different mechanisms work in a calibrated manner," she stated.
Gopinath said the current inflationary pressure had been a result of high inflation from the food and the non-food manufacturing sector.
"We will have to mark these trends and then ensure that there is no demand and supply mismatch," she added.
"We will have our own policy very soon. Inflation remains a matter of concern and we need to evaluate and underline the inflationary pressures," RBI Deputy Governor Shyamala Gopinath told reporters on the sidelines of a programme organised by the apex bank Monday.
She said monetary policies required about 12 to 18 months to have an impact on inflation.
"Once a policy is in place, it will take around 12 to 18 months to work. It is better that different mechanisms work in a calibrated manner," she stated.
Gopinath said the current inflationary pressure had been a result of high inflation from the food and the non-food manufacturing sector.
"We will have to mark these trends and then ensure that there is no demand and supply mismatch," she added.
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