“In the last two and a half years, the world has witnessed two major shocks– the Covid-19 pandemic and the conflict in Ukraine. These shocks have produced profound impact on the global economy. As if that was not enough, now we are in the midst of a third major shock -a storm -arising from aggressive monetary policy actions and even more aggressive communication from advanced economy central banks like the US Fed,” Das said in his policy address.
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January 14, 2025