Skip to main content

Appointment of Modi loyalist a worrying step for RBI

The first briefing from the RBI’s new governor, Shaktikanta Das, sought to provide assurance that the central bank will continue to prioritise inflation fighting. But his background at the finance ministry and as a Modi loyalist suggests that he is more likely to lend a sympathetic ear to the government’s wishes than this two predecessors, Urjit Patel and Raghuram Rajan. The risk is that this results in looser-than-required policy that allows inflation to return as a major macroeconomic threat.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access